Nigeria: Market for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses 2022

Market Size for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Nigeria

For the third year in a row, the Nigerien human and animal blood market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Exports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Exports from Nigeria

In 2021, the amount of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses exported from Nigeria declined sharply to X kg, waning by -X% on 2020 figures. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2020, and then shrank markedly in the following year.

In value terms, human and animal blood exports fell significantly to $X in 2021. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Turkey (X kg), Egypt (X kg) and Spain (X kg) were the main destinations of human and animal blood exports from Nigeria, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Spain ($X) appeared to be the largest markets for human and animal blood exported from Nigeria worldwide, with a combined X% share of total exports.

Spain, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the average human and animal blood export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($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 Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Imports into Nigeria

Human and animal blood imports into Nigeria soared to X tons in 2021, jumping by X% against the previous year's figure. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, human and animal blood imports skyrocketed to $X in 2021. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest human and animal blood supplier to Nigeria, with a X% share of total imports. Moreover, human and animal blood imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

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

In value terms, India ($X) constituted the largest supplier of human and animal blood to Nigeria, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (+X% per year).

Import Prices by Country

The average human and animal blood import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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