Report Update Apr 1, 2024

Nigeria - Medicaments Containing Penicillins or Derivatives Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Nigeria

The Nigerien medicaments containing penicillin market stood at $X in 2022, remaining stable against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Penicillin Production in Nigeria

In value terms, medicaments containing penicillin production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a mild descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Medicaments containing penicillin production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Nigeria

After three years of decline, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by X% to X tons in 2017. Overall, exports faced a sharp slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2017, the growth of the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports fell to $X in 2017. Over the period under review, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2017, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for medicaments containing penicillin exports from Nigeria, with a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Ghana amounted to X%.

In value terms, Ghana ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Nigeria.

From 2012 to 2017, the average annual rate of growth in terms of value to Ghana stood at X%.

Export Prices by Country

In 2017, the average medicaments containing penicillin export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2017 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2017, the rate of growth in terms of prices for Ghana amounted to X% per year.

Medicaments Containing Penicillin Imports

Imports into Nigeria

Medicaments containing penicillin imports into Nigeria skyrocketed to X tons in 2022, rising by X% on 2021 figures. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, medicaments containing penicillin imports reduced remarkably to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of medicaments containing penicillin to Nigeria, with a X% share of total imports. Moreover, medicaments containing penicillin imports from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

In value terms, the largest medicaments containing penicillin suppliers to Nigeria were the UK ($X), France ($X) and India ($X), together comprising X% of total imports. Spain, Turkey and Poland lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medicaments containing penicillin import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined 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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for medicaments containing penicillins or derivatives thereof in the world?

China remains the largest medicaments containing penicillin consuming country worldwide, comprising approx. 26% of total volume. Moreover, medicaments containing penicillin consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of medicaments containing penicillins or derivatives thereof in the world?

China constituted the country with the largest volume of medicaments containing penicillin production, accounting for 26% of total volume. Moreover, medicaments containing penicillin production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was held by India, with an 11% share.

What are the leading suppliers of medicaments containing penicillins or derivatives thereof to Nigeria?

In value terms, the UK, France and India were the largest medicaments containing penicillin suppliers to Nigeria, together comprising 86% of total imports. Spain, Turkey and Poland lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of medicaments containing penicillins or derivatives thereof from Nigeria?

In value terms, Ghana remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Nigeria.

What is the average export price for medicaments containing penicillins or derivatives thereof in Nigeria?

The average medicaments containing penicillin export price stood at $39,272 per ton in 2017, growing by 60% against the previous year.

What is the average import price for medicaments containing penicillins or derivatives thereof in Nigeria?

The average medicaments containing penicillin import price stood at $9,204 per ton in 2022, shrinking by -50.5% against the previous year.

This report provides an in-depth analysis of the medicaments containing penicillin 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 21201130 - Medicaments containing penicillins or derivatives thereof, with a penicillanic acid structure, or streptomycins or their derivatives, for therapeutic or prophylactic uses, n.p.r.s.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023