Price for Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria - 2023
Contents:
- Price for Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria (CIF) - 2022
- Imports of Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria
Price for Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria (CIF) - 2022
The average import price for alkaloids, vegetable; ephedrine and its saltses stood at $34,670 per ton in 2022, with a decrease of -24.7% against the previous year. Over the period under review, the import price showed a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 70%. Over the period under review, average import prices reached the peak figure at $57,515 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.4% per year.
Imports of Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria
Imports of alkaloids, vegetable; ephedrine and its saltses into Nigeria expanded remarkably to 15 tons in 2022, with an increase of 9.2% compared with the year before. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 122% against the previous year. As a result, imports reached the peak of 24 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of alkaloids, vegetable; ephedrine and its saltses reduced sharply to $510K in 2022. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 172% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Alkaloids, Vegetable; Ephedrine and Its Salts in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 340 | 1,115 | 563 | 510 | 14.5% |
Belgium | 3.6 | 9.0 | N/A | N/A | 150.0% |
Germany | 45.3 | 55.2 | 5.8 | N/A | -64.2% |
Denmark | 44.6 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 50.3 | N/A | 0% |
Total | 434 | 1,179 | 619 | 510 | 5.5% |
Top Suppliers of Alkaloids, Vegetable; Ephedrine and Its Salts to Nigeria in 2022:
- India (14.7 tons)
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