Nigeria: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in Nigeria

The Nigerien medicaments of other antibiotics market fell remarkably to $X in 2021, reducing by -X% 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 recorded a perceptible shrinkage. Medicaments of other antibiotics consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Medicaments Of Other Antibiotics

Exports from Nigeria

Medicaments of other antibiotics exports from Nigeria contracted to X kg in 2021, with a decrease of -X% compared with the previous year. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, medicaments of other antibiotics exports totaled $X in 2021. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) and Belgium (X kg) were the main destinations of medicaments of other antibiotics exports from Nigeria.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X value terms, Canada ($X) and Belgium ($X) constituted the largest markets for medicaments of other antibiotics exported from Nigeria worldwide.

In terms of the main countries of destination, Canada, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average medicaments of other antibiotics export price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Imports of Medicaments Of Other Antibiotics

Imports into Nigeria

Medicaments of other antibiotics imports into Nigeria contracted rapidly to X tons in 2021, with a decrease of -X% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, medicaments of other antibiotics imports reduced dramatically to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and the Netherlands (X tons) were the main suppliers of medicaments of other antibiotics imports to Nigeria, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of medicaments of other antibiotics to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

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: China (-X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average medicaments of other antibiotics import price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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