Price for Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria - 2021
Contents:
- Price for Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria (CIF) - 2022
- Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria
Price for Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria (CIF) - 2022
In 2022, the average pharmaceutical goods; waste pharmaceuticals import price amounted to $43,925 per ton, with an increase of 21% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 101%. Over the period under review, average import prices hit record highs at $97,137 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 the UK ($252,571 per ton), while the price for China ($17,017 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria
In 2022, the amount of pharmaceutical goods; waste pharmaceuticalses imported into Nigeria reduced sharply to 684 kg, declining by -35.3% against 2021 figures. In general, imports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 111%.
In value terms, pharmaceutical goods; waste pharmaceuticals imports shrank remarkably to $30K in 2022. Over the period under review, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 76%.
| Import of Pharmaceutical Goods; Waste Pharmaceuticals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 4.5 | 1.9 | 15.5 | 8.7 | 24.6% |
| United Kingdom | 72.3 | 11.9 | 8.4 | 3.5 | -63.6% |
| China | 6.8 | 5.5 | 10.0 | 3.0 | -23.9% |
| United States | 1.6 | 1.4 | 2.7 | 0.9 | -17.5% |
| India | 2.3 | 0.4 | 1.2 | 0.5 | -39.9% |
| Others | 47.3 | 0.7 | 0.5 | 13.4 | -34.3% |
| Total | 135 | 21.8 | 38.3 | 30.0 | -39.4% |
Top Suppliers of Pharmaceutical Goods; Waste Pharmaceuticals to Nigeria in 2022:
- Israel (182.0 kg)
- China (177.0 kg)
- India (27.0 kg)
- United Kingdom (14.0 kg)
- United States (8.0 kg)
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