Nigeria - Hygienic Or Pharmaceutical Articles Of Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPharmaceutical Rubber Articles Price in Nigeria - 2022
Contents:
- Pharmaceutical Rubber Articles Price in Nigeria (CIF) - 2022
- Pharmaceutical Rubber Articles Price in Nigeria (FOB) - 2022
- Pharmaceutical Rubber Articles Imports in Nigeria
- Pharmaceutical Rubber Articles Exports in Nigeria
Pharmaceutical Rubber Articles Price in Nigeria (CIF) - 2022
The average pharmaceutical rubber articles import price stood at $2.6 per unit in 2022, growing by 58% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 98%. The import price peaked at $2.6 per unit in 2015; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($15 per unit), while the price for Belgium ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Rubber Articles Price in Nigeria (FOB) - 2022
In 2022, the average pharmaceutical rubber articles export price amounted to $0.7 per unit, increasing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 an increase of 41%. As a result, the export price reached the peak level of $1 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($1.5 per unit), while the average price for exports to Niger ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+24.5%), while the prices for the other major destinations experienced mixed trend patterns.
Pharmaceutical Rubber Articles Imports in Nigeria
In 2022, the amount of hygienic or pharmaceutical articles of rubber imported into Nigeria soared to 497K units, jumping by 109% compared with the previous year's figure. In general, imports, however, recorded a mild curtailment. Imports peaked at 685K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, pharmaceutical rubber articles imports skyrocketed to $1.3M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pharmaceutical Rubber Articles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.4 | 276 | 80.4 | 525 | 81.8% |
| India | 289 | 467 | 202 | 222 | -8.4% |
| United States | 35.7 | 54.9 | 21.6 | 189 | 74.3% |
| Netherlands | 21.8 | 46.0 | 29.1 | 149 | 89.8% |
| Taiwan (Chinese) | 9.0 | 7.9 | 8.7 | 38.4 | 62.2% |
| Italy | 6.7 | 12.9 | 10.5 | 27.8 | 60.7% |
| Belgium | 0.1 | 1.7 | 1.8 | 8.0 | 330.9% |
| Denmark | 19.1 | 3.9 | 1.4 | 2.6 | -48.6% |
| Others | 38.6 | 46.0 | 34.2 | 125 | 47.9% |
| Total | 508 | 917 | 390 | 1,286 | 36.3% |
Top Suppliers of Pharmaceutical Rubber Articles to Nigeria in 2022:
- China (318.6K units)
- India (96.0K units)
- United States (17.3K units)
- Italy (16.5K units)
- Taiwan (Chinese) (11.8K units)
- Netherlands (10.2K units)
- Belgium (8.8K units)
- Denmark (1.8K units)
Pharmaceutical Rubber Articles Exports in Nigeria
In 2022, overseas shipments of hygienic or pharmaceutical articles of rubber decreased by -56% to 6.4K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,192%. As a result, the exports attained the peak of 15K units, and then contracted significantly in the following year.
In value terms, pharmaceutical rubber articles exports fell significantly to $4.6K in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 787%. As a result, the exports attained the peak of $8.4K, and then dropped dramatically in the following year.
| Export of Pharmaceutical Rubber Articles in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 81.0 | 314 | 4,188 | 2,915 | 230.2% |
| Benin | 36.0 | 130 | 3,844 | 1,482 | 245.3% |
| Ghana | 21.0 | 99.0 | 288 | 130 | 83.6% |
| Ireland | 28.0 | N/A | N/A | 121 | 62.9% |
| Zimbabwe | N/A | N/A | 36.0 | N/A | 0% |
| Others | N/A | 399 | -1.0 | N/A | -100.3% |
| Total | 166 | 942 | 8,355 | 4,648 | 203.7% |
Top Export Markets for Pharmaceutical Rubber Articles from Nigeria in 2022:
- Niger (5.2K units)
- Benin (1.0K units)
- Ireland (0.2K units)
- Ghana (0.1K units)
This report provides an in-depth analysis of the pharmaceutical rubber articles market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22197130 - Hygienic or pharmaceutical articles of rubber (excluding sheath contraceptives)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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