Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria - 2023
Contents:
- Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria (CIF) - 2022
- Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria
Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria (CIF) - 2022
The average import price for hormones; halogenated derivatives or adrenal cortical hormoneses stood at $48,283 per ton in 2022, dropping by -3.1% against the previous year. In general, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2014 an increase of 5,989%. As a result, import price reached the peak level of $1,706 per kg. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($209,259 per ton), while the price for India ($29,653 per ton) 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 a decline.
Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria
For the fourth year in a row, Nigeria recorded growth in overseas purchases of hormones; halogenated derivatives or adrenal cortical hormoneses, which increased by 110% to 3.5 tons in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 273%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses surged to $167K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 604%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 9.0 | 1.4 | 96.4 | 115.0% |
| Germany | N/A | N/A | N/A | 44.4 | 0% |
| India | N/A | 19.7 | 80.8 | 26.2 | 15.3% |
| Mauritius | N/A | 28.7 | N/A | N/A | 0% |
| Italy | N/A | 8.6 | N/A | N/A | 0% |
| Netherlands | 0.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 5.8 | N/A | N/A | 0% |
| Total | 10.2 | 71.8 | 82.2 | 167 | 153.9% |
Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to Nigeria in 2022:
- China (2.4 tons)
- India (0.9 tons)
- Germany (0.2 tons)
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