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GALLSTONE PROCESSING AND EXPORT IN NIGERIA; THE OPPORTUNITIES.

Gallstone is a crystalline concretion formed within the gallbladder by accretion of bile components. These calculi are formed in the gallbladder, but may pass distally into other parts of the biliary tract such as the cystic duct, common bile duct, pancreatic duct, or the ampulla of Vater.

Presence of gallstones in the gallbladder may lead to acute cholecystitis, an inflammatory condition characterized by retention of bile in the gallbladder and often secondary infection by intestinal microorganisms, predominantly Escherichia coli and Bacteroides species. Presence of gallstones in other parts of the biliary tract can cause obstruction of the bile ducts, which can lead to serious conditions such as ascending cholangitis or pancreatitis. Either of these two conditions can be life-threatening, and are therefore considered to be medical emergencies.

Though a life threaten disease to rumirants, gallstone is a source of wealth for the rearers. This clay like solid substance, golden brown coloured when dry and fully processed. It is about the size of a peanut or a medium size bitter kola and could be as big as a pigeon’s egg. Sometimes, it can be up to the size of ordinary eggs and weigh between 18 to 20 grammes if wet and unprocessed.

Gallstones are used for medical research in developed countries like USA, Canada, UK and Asian countries. They are usually collected by pharmaceutical companies for further processing.

Gallstone has an established market in developed countries where they are used in the pharmaceutical industry. The market is guaranteed and can take as much quantity as supplied and to encourage more supplies from the exporter, buyers usually offer higher prices with a time –line to supply to desired quantity.

As an example, special prices offer of $16.50 per gramme for whole gallstone, 2/3 the price for broken or slightly calcified stones and 1/3 for tiny, powder like stones. Rough surface stone, completely calcified stone, very poor quality stones and even pippings that are normally rejected were offered to be paid for at a price of $5.5 per gramme and a deadline for the supply of the product was given.

It is pertinent to also say at this stage that the business of gallstone export has been going on for quite sometime throughout the world, although only very few people know about this lucrative business in Nigeria.

The market is large, expanding and sustainable as the price keeps increasing throughout the world. Those few Nigerians that are aware of it have made their cool millions doing the business. Be part of it.

The return on investment on the export of gallstone ranges from 10% to 15%.

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At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

You can order our detailed feasibility report on the export of gallstone in Nigeria by clicking on the link below.

GALLSTONE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
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