Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria - 2022
Contents:
- Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria (CIF) - 2022
- Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria
Price for Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria (CIF) - 2022
The average import price for albuminates and other albumin derivatives (excluding egg albumin)s stood at $5,074 per ton in 2022, dropping by -24.8% against the previous year. In general, the import price, however, posted strong growth. The pace of growth was the most pronounced in 2014 an increase of 559%. As a result, import price reached the peak level of $78,987 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($290,000 per ton), while the price for Canada ($749 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria
In 2022, the amount of albuminates and other albumin derivatives (excluding egg albumin)s imported into Nigeria skyrocketed to 3.6 tons, surging by 133% compared with 2021 figures. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of albuminates and other albumin derivatives (excluding egg albumin)s surged to $19K in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 297%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 3.5 | 0% |
| India | 0.1 | 0.2 | 0.6 | 2.7 | 200.0% |
| Canada | 0.6 | 0.7 | 1.2 | 2.4 | 58.7% |
| Others | 1.4 | 1.8 | 8.8 | 10.0 | 92.6% |
| Total | 2.1 | 2.7 | 10.6 | 18.5 | 106.5% |
Top Suppliers of Albuminates and Other Albumin Derivatives (Excluding Egg Albumin) to Nigeria in 2022:
- Canada (3217.0 kg)
- Taiwan (Chinese) (323.0 kg)
- India (99.0 kg)
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