Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria - 2022

Contents:

  1. Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria (CIF) - 2022
  2. Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria

Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria (CIF) - 2022

In 2022, the average import price for antibiotics; streptomycins and their derivatives; salts thereoves amounted to $19,767 per ton, falling by -31.5% against the previous year. In general, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 59%. Over the period under review, average import prices reached the maximum at $48,732 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($27,587 per ton), while the price for Egypt totaled $4,752 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+34.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria

In 2022, the amount of antibiotics; streptomycins and their derivatives; salts thereoves imported into Nigeria skyrocketed to 3.5 tons, increasing by 1,068% against the previous year's figure. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of antibiotics; streptomycins and their derivatives; salts thereoves skyrocketed to $69K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India4.816.85.863.6136.6%
EgyptN/AN/AN/A5.70%
China0.36.81.4N/A116.0%
South AfricaN/A10.3N/AN/A0%
Others0.30.41.4N/A116.0%
Total5.334.38.769.3135.6%

Top Suppliers of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof to Nigeria in 2022:

  1. India (2.3 tons)
  2. Egypt (1.2 tons)

Source: IndexBox Market Intelligence Platform

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