Nigeria: Antisera Market 2024

Antisera Market Size in Nigeria

The Nigerien antisera market reduced markedly to $X in 2021, declining by -98.3% 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). Overall, consumption continues to indicate a precipitous setback. Over the period under review, the market hit record highs at $X in 2020, and then fell notably in the following year.

Antisera Exports

Exports from Nigeria

In 2021, approx. X kg of antisera and other blood fractions were exported from Nigeria; therefore, remained relatively stable against the year before. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 739,444% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, antisera exports rose remarkably to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 55,842% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for antisera exports from Nigeria, accounting for a 79% share of total exports. Moreover, antisera exports to Cote d'Ivoire exceeded the volume sent to the second major destination, the United States (X kg), ninefold. South Africa (X kg) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +97.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.8% per year) and South Africa (+87.2% per year).

In value terms, the largest markets for antisera exported from Nigeria were Cote d'Ivoire ($X), the United States ($X) and South Africa ($X), with a combined 43% share of total exports.

South Africa, with a CAGR of +126.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average antisera export price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 414% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+18.5%), while the prices for the other major destinations experienced a decline.

Antisera Imports

Imports into Nigeria

In 2021, antisera imports into Nigeria shrank markedly to X tons, dropping by -98.4% against the previous year. Over the period under review, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 215% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, antisera imports declined notably to $X in 2021. Overall, imports faced a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 261% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest antisera supplier to Nigeria, with a 35% share of total imports. Moreover, antisera imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X kg), twofold. The third position in this ranking was taken by India (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.9% per year) and India (-15.5% per year).

In value terms, the Netherlands ($X), South Korea ($X) and China ($X) were the largest antisera suppliers to Nigeria, together comprising 37% of total imports. The United States, India, Japan, Switzerland, Thailand and the UK lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Thailand, with a CAGR of +147.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average antisera import price stood at $X per ton in 2021, with an increase of 64% against the previous year. In general, the import price, however, saw a perceptible descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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