Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria - 2023
Contents:
- Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria (CIF) - 2022
- Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria
Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria (CIF) - 2022
In 2022, the average import price for hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s amounted to $430,993 per ton, increasing by 4.6% against the previous year. Overall, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 15%. The import price peaked at $984,292 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($607,762 per ton), while the price for China stood at $407,687 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.8%).
Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria
In 2022, overseas purchases of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s decreased by -96.1% to 282 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of 7.2 tons, and then contracted notably in the following year.
In value terms, imports of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s declined notably to $122K in 2022. Over the period under review, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports reached the peak of $3M, and then declined remarkably in the following year.
| Import of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,370 | 1,663 | 2,907 | 106 | -57.4% |
| India | 5.0 | 51.4 | 68.8 | 12.8 | 36.8% |
| Others | 10.9 | N/A | N/A | 3.2 | -33.5% |
| Total | 1,386 | 1,714 | 2,976 | 122 | -55.5% |
Top Suppliers of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) to Nigeria in 2022:
- China (259.0 kg)
- India (21.0 kg)
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