Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria - 2022
Contents:
- Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria (CIF) - 2022
- Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria
Price for Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria (CIF) - 2022
The average import price for glycosides; rutoside (rutin) and its derivativeses stood at $47,096 per ton in 2022, surging by 7.9% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 67%. As a result, import price attained the peak level of $74,148 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($72,267 per ton), while the price for India ($12,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria
For the fourth year in a row, Nigeria recorded growth in overseas purchases of glycosides; rutoside (rutin) and its derivativeses, which increased by 10% to 594 kg in 2022. The total import volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of glycosides; rutoside (rutin) and its derivativeses soared to $28K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 increased by +69.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Glycosides; Rutoside (Rutin) and Its Derivatives in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.5 | 12.8 | 14.1 | 14.9 | 9.0% |
| Germany | 4.7 | 6.6 | 9.3 | 12.7 | 39.3% |
| India | 0.4 | 0.2 | 0.1 | 0.3 | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.5 | 19.7 | 23.5 | 28.0 | 19.3% |
Top Suppliers of Glycosides; Rutoside (Rutin) and Its Derivatives to Nigeria in 2022:
- China (392.0 kg)
- Germany (176.0 kg)
- India (26.0 kg)
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