Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria - 2023

Contents:

  1. Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria (CIF) - 2022
  2. Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria

Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria (CIF) - 2022

In 2022, the average import price for antibiotics; chloramphenicol and its derivatives; salts thereoves amounted to $40,135 per ton, picking up by 121% against the previous year. In general, the import price continues to indicate a notable increase. Over the period under review, average import prices attained the maximum at $70,000 per ton in 2016; however, from 2017 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 India ($79,374 per ton), while the price for South Africa ($2,957 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+54.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria

In 2022, imports of antibiotics; chloramphenicol and its derivatives; salts thereoves into Nigeria dropped to 30 tons, waning by -11.6% on the previous year. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 192% against the previous year. As a result, imports reached the peak of 34 tons, and then declined in the following year.

In value terms, imports of antibiotics; chloramphenicol and its derivatives; salts thereoves soared to $1.2M in 2022. In general, imports, however, saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China30.4104111538160.6%
India689292417534-8.1%
EgyptN/AN/A31.357.483.4%
South AfricaN/AN/A22.63.8-83.2%
GermanyN/A57.021.3N/A-62.6%
EthiopiaN/AN/A6.9N/A0%
Others0.1N/A3.264.3763.1%
Total7194536131,19818.6%

Top Suppliers of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof to Nigeria in 2022:

  1. Egypt (11.1 tons)
  2. China (10.5 tons)
  3. India (6.7 tons)
  4. South Africa (1.3 tons)

Source: IndexBox Market Intelligence Platform

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