Nigeria - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Prosthetics Price in Nigeria - 2022
Contents:
- Orthopedic Prosthetics Price in Nigeria (CIF) - 2022
- Orthopedic Prosthetics Price in Nigeria (FOB) - 2022
- Orthopedic Prosthetics Imports in Nigeria
- Orthopedic Prosthetics Exports in Nigeria
Orthopedic Prosthetics Price in Nigeria (CIF) - 2022
In 2022, the average orthopedic prosthetics import price amounted to $2.4 per unit, reducing by -21.2% against the previous year. In general, the import price faced a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 46% against the previous year. The import price peaked at $10 per unit in 2013; however, from 2014 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 Germany ($14 per unit), while the price for Taiwan (Chinese) ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.
Orthopedic Prosthetics Price in Nigeria (FOB) - 2022
In 2022, the average orthopedic prosthetics export price amounted to $1.3 per unit, waning by -23.3% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 79%. Over the period under review, the average export prices reached the maximum at $7.4 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +17.2% per year.
Orthopedic Prosthetics Imports in Nigeria
In 2022, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into Nigeria amounted to 136K units, with an increase of 4.9% on the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57%. As a result, imports attained the peak of 147K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, orthopedic prosthetics imports fell remarkably to $326K in 2022. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Imports peaked at $398K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Orthopedic Prosthetics in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 47.4 | 60.9 | 113 | 93.4 | 25.4% |
India | 195 | 14.9 | 38.4 | 68.5 | -29.4% |
Belgium | 73.8 | 45.6 | 75.0 | 62.2 | -5.5% |
United States | 12.3 | 33.5 | 18.7 | 17.7 | 12.9% |
South Africa | 5.8 | 1.8 | 14.2 | 11.8 | 26.7% |
France | 9.3 | 8.3 | 4.4 | 6.0 | -13.6% |
Taiwan (Chinese) | 2.9 | 13.7 | 4.4 | 5.8 | 26.0% |
Switzerland | N/A | N/A | 5.4 | N/A | 0% |
Hungary | N/A | 8.1 | N/A | N/A | 0% |
Ethiopia | N/A | N/A | 4.5 | N/A | 0% |
Egypt | N/A | 10.6 | N/A | N/A | 0% |
Others | 51.0 | 108 | 116 | 60.2 | 5.7% |
Total | 398 | 306 | 394 | 326 | -6.4% |
Top Suppliers of Orthopedic Prosthetics to Nigeria in 2022:
- India (57.0K units)
- United States (22.5K units)
- Taiwan (Chinese) (12.1K units)
- South Africa (11.7K units)
- Belgium (7.0K units)
- Germany (6.7K units)
- France (6.5K units)
Orthopedic Prosthetics Exports in Nigeria
Orthopedic prosthetics exports from Nigeria skyrocketed to 4.2K units in 2022, with an increase of 456% on 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, orthopedic prosthetics exports surged to $5.7K in 2022. In general, exports showed a slight expansion. The exports peaked at $10K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
Export of Orthopedic Prosthetics in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 0.2 | 3.7 | 0.1 | 5.7 | 205.5% |
Cote d'Ivoire | N/A | 2.3 | N/A | N/A | 0% |
Switzerland | 2.2 | N/A | N/A | N/A | 0% |
Rwanda | 1.5 | N/A | N/A | N/A | 0% |
United Kingdom | N/A | 3.9 | N/A | N/A | 0% |
Tanzania | N/A | N/A | 0.7 | N/A | 0% |
Ghana | N/A | N/A | N/A | N/A | 0% |
Others | 1.6 | N/A | 0.5 | N/A | -44.1% |
Total | 5.5 | 10.0 | 1.3 | 5.7 | 1.2% |
Top Export Markets for Orthopedic Prosthetics from Nigeria in 2022:
- South Africa (4.2K units)
This report provides an in-depth analysis of the orthopedic prosthetics 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
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
-
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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