Price for Albumins; Albuminates and Other Albumin Derivatives in Nigeria - 2022

Contents:

  1. Price for Albumins; Albuminates and Other Albumin Derivatives in Nigeria (CIF) - 2022
  2. Imports of Albumins; Albuminates and Other Albumin Derivatives in Nigeria

Price for Albumins; Albuminates and Other Albumin Derivatives in Nigeria (CIF) - 2022

In 2022, the average import price for albumins; albuminates and other albumin derivativeses amounted to $12,092 per ton, reducing by -29.6% against the previous year. In general, the import price, however, enjoyed tangible growth. The growth pace was the most rapid in 2021 an increase of 303% against the previous year. As a result, import price attained the peak level of $17,178 per ton, and then shrank significantly in the following year.

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 Swaziland ($18,213 per ton), while the price for Germany ($1,832 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Albumins; Albuminates and Other Albumin Derivatives in Nigeria

In 2022, imports of albumins; albuminates and other albumin derivativeses into Nigeria surged to 9.1 tons, picking up by 263% against the previous year. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 3,643% against the previous year. As a result, imports attained the peak of 50 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of albumins; albuminates and other albumin derivativeses surged to $110K in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 3,258%. As a result, imports reached the peak of $212K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Albumins; Albuminates and Other Albumin Derivatives in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/AN/AN/A1030%
Swaziland2.84.141.96.230.3%
GermanyN/AN/AN/A0.50%
Netherlands1.93.5N/AN/A84.2%
UkraineN/A202N/AN/A0%
Others1.62.91.0N/A-20.9%
Total6.321242.8110159.4%

Top Suppliers of Albumins; Albuminates and Other Albumin Derivatives to Nigeria in 2022:

  1. Greece (8.4 tons)
  2. Germany (0.3 tons)
  3. Swaziland (0.3 tons)

Source: IndexBox Market Intelligence Platform

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