Nucleic Acids Price in Nigeria - 2022

Contents:

1. Nucleic Acids Price in Nigeria (CIF) - 2022
2. Nucleic Acids Price in Nigeria (FOB) - 2022
3. Nucleic Acids Imports in Nigeria
4. Nucleic Acids Exports in Nigeria

Nucleic Acids Price in Nigeria (CIF) - 2022

The average nucleic acids import price stood at $8,448 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $11,199 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($9,851 per ton), while the price for the UK ($3,688 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Nucleic Acids Price in Nigeria (FOB) - 2022

In 2022, the average nucleic acids export price amounted to $31,474 per ton, with a decrease of -98.2% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 3,466% against the previous year. As a result, the export price attained the peak level of $1,741 per kg, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($107,750 per ton), while the average price for exports to South Africa ($8,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+74.9%), while the prices for the other major destinations experienced mixed trend patterns.

Nucleic Acids Imports in Nigeria

In 2022, approx. 1.8K tons of nucleic acids and their salts were imported into Nigeria; jumping by 22% compared with the previous year. Overall, imports, however, continue to indicate a deep setback.

In value terms, nucleic acids imports skyrocketed to $16M in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 53% against the previous year. As a result, imports attained the peak of $24M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Nucleic Acids to Nigeria in 2022:

1. Thailand (580.3 tons)
2. Indonesia (488.7 tons)
3. China (477.1 tons)
4. United Kingdom (59.0 tons)
5. Brazil (57.7 tons)
6. India (48.8 tons)

Nucleic Acids Exports in Nigeria

In 2022, approx. 19 kg of nucleic acids and their salts were exported from Nigeria; shrinking by -42.4% compared with the year before. Over the period under review, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 200% against the previous year.

In value terms, nucleic acids exports fell rapidly to $598 in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10,599%. As a result, the exports reached the peak of $57K, and then fell dramatically in the following year.

Top Export Markets for Nucleic Acids from Nigeria in 2022:

1. South Africa (13.0 kg)
2. Switzerland (4.0 kg)
3. Canada (1.0 kg)

Source: IndexBox Market Intelligence Platform