Nigeria: Glass Ampoules Market 2024

Glass Ampoules Market Size in Nigeria

The Nigerien glass ampoules market fell to $X in 2022, declining by -6.1% against the previous year. In general, consumption, however, showed resilient growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Glass Ampoules Production in Nigeria

In value terms, glass ampoules production fell to $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 98% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Glass Ampoules Exports

Exports from Nigeria

In 2022, glass ampoules exports from Nigeria skyrocketed to X units, jumping by 71% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 375%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass ampoules exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 359%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cameroon (X units) was the main destination for glass ampoules exports from Nigeria, with a 72% share of total exports. Moreover, glass ampoules exports to Cameroon exceeded the volume sent to the second major destination, Ghana (X units), fourfold. Burkina Faso (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cameroon stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-28.0% per year) and Burkina Faso (+2.0% per year).

In value terms, Cameroon ($X) remains the key foreign market for glass ampoules for packing of goods exports from Nigeria, comprising 73% of total exports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total exports. It was followed by Niger, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Cameroon stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-29.3% per year) and Niger (+22.3% per year).

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per thousand units, waning by -19.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64%. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per thousand units), while the average price for exports to Burkina Faso ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+37.8%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Ampoules Imports

Imports into Nigeria

In 2022, glass ampoules imports into Nigeria contracted notably to X units, with a decrease of -71.2% on the year before. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 316%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass ampoules imports fell dramatically to $X in 2022. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by 126% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Egypt (X units) and China (X units) were the main suppliers of glass ampoules imports to Nigeria, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +41.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of glass ampoules for packing of goods to Nigeria, comprising 49% of total imports. The second position in the ranking was held by Egypt ($X), with a 21% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+14.8% per year) and China (-2.8% per year).

Import Prices by Country

The average glass ampoules import price stood at $X per thousand units in 2022, rising by 54% against the previous year. Over the period under review, the import price continues to indicate notable growth. The pace of growth appeared the most rapid in 2013 an increase of 66%. The import price peaked at $X per thousand units in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per thousand units), while the price for Egypt ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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