Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria - 2023
Contents:
- Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria (CIF) - 2022
- Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria
Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria (CIF) - 2022
The average import price for antibiotics; tetracyclines and their derivatives; salts thereoves stood at $4,012 per ton in 2022, with a decrease of -37% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 162%. The import price peaked at $14,358 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,024 per ton), while the price for South Korea totaled $2,858 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced a decline.
Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria
In 2022, approx. 604 tons of antibiotics; tetracyclines and their derivatives; salts thereoves were imported into Nigeria; jumping by 54% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 723%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves dropped slightly to $2.4M in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 381% against the previous year. As a result, imports attained the peak of $2.5M, and then contracted slightly in the following year.
| Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 0.5 | 2.5 | 2.4 | 22.7% |
| South Korea | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.5 | 0.5 | 2.5 | 2.4 | 17.0% |
Top Suppliers of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof to Nigeria in 2022:
- China (592.1 tons)
- South Korea (10.7 tons)
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This report provides an in-depth analysis of the antibiotic market in Nigeria.
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This report provides an in-depth analysis of the global antibiotic market.
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This report provides an in-depth analysis of the antibiotic market in Nigeria.
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This report provides an in-depth analysis of the global antibiotic market.
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Discover the top import markets for antibiotics across the world, including India, Italy, Germany, and the United States. Gain insights into key statistics and market dynamics in these countries. IndexBox Market Intelligence platform provides accurate and up-to-date data for informed decision-making.
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In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
1505
In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
2714
The global trade in antibiotics amounted to X million USD in 2015, showing some fluctuations over the period under review. A slight decline in 2009 was followed by a peak in 2011, until exports decreased again. Overall
1395
China is one of the largest global producers and consumers of antibiotics. In 2014, China exported X% of its total antibiotics output. Of this amount, X% was supplied to India, where Chinese antibiotics held a X% share of total India's consumption
951
Switzerland is one of the leaders in the global antibiotics trade. However, in 2014, Switzerland exported X tons of antibiotics totaling X billion USD, a full X% under the previous year. Its primary trading partner was Germany, where it suppli
255
Discover the top import markets for antibiotics across the world, including India, Italy, Germany, and the United States. Gain insights into key statistics and market dynamics in these countries. IndexBox Market Intelligence platform provides accurate and up-to-date data for informed decision-making.
635
In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
1505
In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
2714
The global trade in antibiotics amounted to X million USD in 2015, showing some fluctuations over the period under review. A slight decline in 2009 was followed by a peak in 2011, until exports decreased again. Overall
