Report Update Nov 1, 2024

Nigeria - Albumins, Albuminates and Other Derivatives (Excluding Egg Albumin) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Nigeria

The Nigerien albumins and albuminates market declined to $X in 2021, reducing by -4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a dramatic shrinkage. Albumins and albuminates consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Exports

Exports from Nigeria

In 2021, approx. X kg of albumins, albuminates and other derivatives (excluding egg albumin) were exported from Nigeria; which is down by -99.6% against the previous year. Overall, exports continue to indicate a abrupt setback. The smallest decline of -37.3% was in 2017. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, albumins and albuminates exports dropped remarkably to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 42%. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

Singapore (X kg) was the main destination for albumins and albuminates exports from Nigeria, accounting for a approx. 52% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Nigeria.

From 2016 to 2021, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, dropping by -2% against the previous year. In general, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 127%. The export price peaked at $X per ton in 2020, and then contracted modestly in the following year.

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

From 2016 to 2021, the rate of growth in terms of prices for Ireland amounted to 0.0% per year.

Albumins And Albuminates Imports

Imports into Nigeria

For the third year in a row, Nigeria recorded decline in purchases abroad of albumins, albuminates and other derivatives (excluding egg albumin), which decreased by -51.2% to X tons in 2021. Over the period under review, imports saw a sharp slump. The pace of growth was the most pronounced in 2018 when imports increased by 176% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, albumins and albuminates imports dropped rapidly to $X in 2021. Overall, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 153% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest albumins and albuminates supplier to Nigeria, accounting for a 54% share of total imports. Moreover, albumins and albuminates imports from Canada exceeded the figures recorded by the second-largest supplier, Swaziland (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (-25.3% per year) and the United States (-38.7% per year).

In value terms, the United States ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to Nigeria, comprising 89% of total imports. The second position in the ranking was taken by Swaziland ($X), with a 5.3% share of total imports. It was followed by Canada, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (-38.0% per year) and Canada (-35.0% per year).

Import Prices by Country

The average albumins and albuminates import price stood at $X per ton in 2021, reducing by -11.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 84%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for albumins, albuminates and other derivatives (excluding egg albumin) in the world?

The countries with the highest volumes of albumins and albuminates consumption in 2021 were China, Japan and Denmark, with a combined 40% share of global consumption. These countries were followed by France, Canada, India, Italy, South Korea, Spain, the United States, Russia, Hungary and Singapore, which together accounted for a further 37%.

What are the largest producers of albumins, albuminates and other derivatives (excluding egg albumin) in the world?

The countries with the highest volumes of albumins and albuminates production in 2021 were the United States, New Zealand and Germany, together accounting for 61% of global production. The Netherlands, France, Argentina, Ireland, Lithuania, Italy, Norway and Australia lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of albumins, albuminates and other derivatives (excluding egg albumin) to Nigeria?

In value terms, the United States constituted the largest supplier of albumins and albuminates to Nigeria, comprising 95% of total imports. The second position in the ranking was occupied by Canada, with a 2.2% share of total imports.

What is the average export price for albumins, albuminates and other derivatives (excluding egg albumin) in Nigeria?

In 2020, the average albumins and albuminates export price amounted to $4,796 per ton, approximately reflecting the previous year.

What is the average import price for albumins, albuminates and other derivatives (excluding egg albumin) in Nigeria?

The average albumins and albuminates import price stood at $8,094 per ton in 2021, jumping by 54% against the previous year.

This report provides an in-depth analysis of the albumins and albuminates 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 20596050 - Albumins, albuminates and other derivatives (excluding egg albumin)

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