Price for Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria - 2022
Contents:
- Price for Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria (CIF) - 2022
- Imports of Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria
Price for Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria (CIF) - 2022
The average import price for alkaloids, vegetable; pseudoephedrine (INN) and its saltses stood at $57,949 per ton in 2022, declining by -13.8% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alkaloids, vegetable; pseudoephedrine (INN) and its saltses increased by +37.7% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by 44%. The import price peaked at $75,884 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.5% per year.
Imports of Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria
In 2022, overseas purchases of alkaloids, vegetable; pseudoephedrine (INN) and its saltses decreased by -50.8% to 2.8 tons, falling for the second year in a row after two years of growth. Overall, imports showed a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, imports reached the peak of 6.9 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of alkaloids, vegetable; pseudoephedrine (INN) and its saltses declined remarkably to $160K in 2022. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $377K, and then fell rapidly in the following year.
| Import of Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 255 | 237 | 273 | 158 | -14.7% |
| China | 35.0 | N/A | 105 | N/A | 73.2% |
| Belgium | 2.3 | 4.9 | N/A | N/A | 113.0% |
| Germany | 8.1 | 80.6 | N/A | N/A | 895.1% |
| Others | N/A | N/A | N/A | 2.2 | 0% |
| Total | 300 | 323 | 377 | 160 | -18.9% |
Top Suppliers of Alkaloids, Vegetable; Pseudoephedrine (INN) and Its Salts to Nigeria in 2022:
- India (2.7 tons)
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