Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria - 2023

Contents:

  1. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (CIF) - 2022
  2. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (FOB) - 2022
  3. Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria
  4. Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (CIF) - 2022

In 2022, the average import price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $3,424 per ton, picking up by 42% against the previous year. Overall, the import price saw a notable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 584% against the previous year. As a result, import price reached the peak level of $13,335 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 Germany ($11,014 per ton), while the price for India ($2,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (FOB) - 2022

In 2022, the average export price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $51,316 per ton, with an increase of 437% against the previous year. In general, the export price showed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($57,559 per ton), while the average price for exports to Canada ($4,364 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria

For the third consecutive year, Nigeria recorded decline in supplies from abroad of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds, which decreased by -37.4% to 296 tons in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -30.7% was in 2021.

In value terms, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds fell to $1M in 2022. In general, imports saw a dramatic setback.

Import of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.70.70.50.5-10.6%
India0.60.50.40.2-30.7%
Germany0.10.10.10.10.0%
Swaziland1,444N/AN/AN/A0%
Others0.50.70.20.2-26.3%
Total1,4461.91.11.0-91.2%

Top Suppliers of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated to Nigeria in 2022:

  1. China (212.8 tons)
  2. India (68.7 tons)
  3. Germany (7.6 tons)

Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria

In 2022, the amount of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds exported from Nigeria contracted remarkably to 117 kg, reducing by -91.7% compared with the previous year's figure. In general, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 228% against the previous year. As a result, the exports reached the peak of 1.4 tons, and then fell markedly in the following year.

In value terms, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds fell markedly to $6K in 2022. Over the period under review, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 48%.

Export of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A5.90%
FranceN/AN/A0.90.1-88.9%
Cote d'Ivoire16.08.82.3N/A-62.1%
CameroonN/A0.3N/AN/A0%
UgandaN/AN/A1.5N/A0%
NetherlandsN/AN/A8.5N/A0%
CanadaN/AN/AN/AN/A0%
Others0.4N/A0.3N/A-13.4%
Total16.49.113.56.0-28.5%

Top Export Markets for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated from Nigeria in 2022:

  1. Germany (102.0 kg)
  2. Canada (11.0 kg)
  3. France (3.0 kg)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrated - Nigeria