Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria - 2023

Contents:

  1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria (CIF) - 2022
  2. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria (CIF) - 2022

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $24,328 per ton in 2022, picking up by 60% against the previous year. In general, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2020 an increase of 350%. Over the period under review, average import prices hit record highs at $79,348 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($24,820 per ton), while the price for the United States totaled $20,313 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2,994.1%), while the prices for the other major suppliers experienced a decline.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria

In 2022, approx. 980 kg of pharmaceutical goods; appliances identifiable for ostomy uses were imported into Nigeria; rising by 59% compared with 2021. Overall, imports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 390%.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $24K in 2022. In general, imports, however, showed a relatively flat trend pattern.

Import of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/AN/A22.30%
United StatesN/A0.10.71.4274.2%
Hong Kong SAR0.4N/AN/AN/A0%
Thailand5.6N/AN/AN/A0%
Switzerland5.81.1N/AN/A-81.0%
China12.32.91.4N/A-66.3%
North Macedonia0.2N/AN/AN/A0%
PakistanN/AN/A6.7N/A0%
OthersN/A1.80.60.1-76.4%
Total24.46.09.423.8-0.8%

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Nigeria in 2022:

  1. Australia (900.0 kg)
  2. United States (67.0 kg)

Source: IndexBox Market Intelligence Platform

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