Nigeria - Medicaments Containing Insulin But Not Antibiotics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMedicaments Containing Insulin Price in Nigeria - 2022
Contents:
- Medicaments Containing Insulin Price in Nigeria (CIF) - 2022
- Medicaments Containing Insulin Price in Nigeria (FOB) - 2022
- Medicaments Containing Insulin Imports in Nigeria
- Medicaments Containing Insulin Exports in Nigeria
Medicaments Containing Insulin Price in Nigeria (CIF) - 2022
The average medicaments containing insulin import price stood at $198,114 per ton in 2022, growing by 34% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2016 when the average import price increased by 502% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,002,067 per ton), while the price for China ($3,223 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Medicaments Containing Insulin Price in Nigeria (FOB) - 2022
The average medicaments containing insulin export price stood at $78,909 per ton in 2020, waning by -15.6% against the previous year. In general, the export price continues to indicate a abrupt downturn. The export price peaked at $93,444 per ton in 2019, and then shrank remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Congo.
From 2019 to 2020, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.
Medicaments Containing Insulin Imports in Nigeria
In 2022, supplies from abroad of medicaments containing insulin but not antibiotics decreased by -53% to 12 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp contraction. The pace of growth was the most pronounced in 2020 when imports increased by 132% against the previous year. As a result, imports attained the peak of 71 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, medicaments containing insulin imports declined sharply to $2.3M in 2022. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 193%. As a result, imports reached the peak of $7.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Medicaments Containing Insulin in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2,559 | 7,465 | 3,050 | 2,028 | -7.5% |
| Netherlands | 10.6 | 102 | 501 | 230 | 178.9% |
| China | 76.5 | 177 | 57.8 | 22.8 | -33.2% |
| India | 44.9 | 147 | 49.2 | 22.7 | -20.3% |
| Germany | 5.3 | 16.0 | 6.8 | 3.5 | -12.9% |
| Others | 8.5 | 22.8 | 11.0 | 4.2 | -20.9% |
| Total | 2,705 | 7,929 | 3,676 | 2,311 | -5.1% |
Top Suppliers of Medicaments Containing Insulin to Nigeria in 2022:
- China (7.1 tons)
- Denmark (3.7 tons)
- India (0.4 tons)
- Netherlands (0.2 tons)
- Germany (0.2 tons)
Medicaments Containing Insulin Exports in Nigeria
In 2020, exports of medicaments containing insulin but not antibiotics from Nigeria dropped rapidly to 11 kg, which is down by -38.9% compared with 2019 figures. Overall, exports saw a precipitous descent.
In value terms, medicaments containing insulin exports contracted rapidly to $868 in 2020. Over the period under review, exports faced a sharp shrinkage.
| Export of Medicaments Containing Insulin in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Congo | N/A | 868 | 0% | ||
| Niger | 1,620 | N/A | 0% | ||
| Ghana | 62.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 1,682 | 868 | -48.4% | ||
Top Export Markets for Medicaments Containing Insulin from Nigeria in 2022:
- Congo (11.0 kg)
This report provides an in-depth analysis of the medicaments containing insulin market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21201230 - Medicaments containing insulin but not antibiotics, for therapeutic or prophylactic uses, not put up in measured doses or for retail sale
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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