Price for Zinc; Dust, Powders and Flakes in Nigeria - 2022
Contents:
- Price for Zinc; Dust, Powders and Flakes in Nigeria (CIF) - 2022
- Price for Zinc; Dust, Powders and Flakes in Nigeria (FOB) - 2022
- Imports of Zinc; Dust, Powders and Flakes in Nigeria
- Exports of Zinc; Dust, Powders and Flakes in Nigeria
Price for Zinc; Dust, Powders and Flakes in Nigeria (CIF) - 2022
In 2021, the average import price for zinc; dust, powders and flakeses amounted to $3,367 per ton, surging by 4.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. As a result, import price attained the peak level of $3,456 per ton. From 2018 to 2021, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,411 per ton), while the price for the United Arab Emirates ($669 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Dust, Powders and Flakes in Nigeria (FOB) - 2022
The average export price for zinc; dust, powders and flakeses stood at $1,059 per ton in 2021, rising by 24% against the previous year. Overall, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 148%. As a result, the export price attained the peak level of $3,761 per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,903 per ton), while the average price for exports to Belgium ($534 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Dust, Powders and Flakes in Nigeria
In 2022, approx. 72 tons of zinc; dust, powders and flakeses were imported into Nigeria; with an increase of 36% on the year before. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, imports attained the peak of 91 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, zinc; dust, powders and flakes imports skyrocketed to $236K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports attained the peak of $294K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Zinc; Dust, Powders and Flakes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Africa | 33.5 | 45.3 | 88.0 | 62.1% | |
| India | 5.2 | 50.6 | 68.1 | 261.9% | |
| Belgium | 17.9 | 14.7 | 12.3 | -17.1% | |
| United Arab Emirates | 1.8 | 1.8 | 5.6 | 76.4% | |
| Germany | 1.3 | 1.7 | 3.1 | 54.4% | |
| China | 5.5 | 3.0 | 0.9 | -59.5% | |
| Norway | 87.7 | 122 | N/A | 39.1% | |
| United Kingdom | 16.7 | 15.4 | N/A | -7.8% | |
| Portugal | 8.9 | 18.2 | N/A | 104.5% | |
| Netherlands | 7.2 | 18.4 | N/A | 155.6% | |
| Others | 2.8 | 2.7 | N/A | -3.6% | |
| Total | 189 | 294 | 178 | -3.0% | |
Top Suppliers of Zinc; Dust, Powders and Flakes to Nigeria in 2022:
- South Africa (21.4 tons)
- India (19.1 tons)
- United Arab Emirates (8.3 tons)
- Belgium (2.3 tons)
- Germany (1.9 tons)
- China (1.2 tons)
Exports of Zinc; Dust, Powders and Flakes in Nigeria
In 2022, overseas shipments of zinc; dust, powders and flakeses were finally on the rise to reach 90 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt setback.
In value terms, zinc; dust, powders and flakes exports expanded rapidly to $85K in 2022. In general, exports, however, recorded a abrupt decline.
| Export of Zinc; Dust, Powders and Flakes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Belgium | 29.5 | 17.4 | 41.9 | 19.2% | |
| Kenya | 35.0 | 17.8 | 25.0 | -15.5% | |
| United Arab Emirates | 10.7 | 5.9 | 12.4 | 7.7% | |
| Germany | 125 | 81.0 | N/A | -35.2% | |
| Malaysia | N/A | 13.1 | N/A | 0% | |
| India | 57.1 | 30.7 | N/A | -46.2% | |
| Ghana | 49.4 | 29.5 | N/A | -40.3% | |
| Others | -194.5 | -105.3 | N/A | -45.9% | |
| Total | 112 | 89.9 | 79.2 | -15.9% | |
Top Export Markets for Zinc; Dust, Powders and Flakes from Nigeria in 2022:
- Belgium (78.3 tons)
- Kenya (39.3 tons)
- United Arab Emirates (6.5 tons)
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In value terms, zinc dust, powders and flakes exports stood at $X in 2016. Overall, zinc dust, powders and flakes exports continue to indicate a drastic drop. Global zinc dust, powders and flakes e...
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In value terms, zinc dust, powders and flakes imports amounted to $X in 2016. In general, zinc dust, powders and flakes imports continue to indicate a drastic curtailment. Global zinc dust, powders...
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In value terms, zinc dust, powders and flakes exports stood at $X in 2016. Overall, zinc dust, powders and flakes exports continue to indicate a drastic drop. Global zinc dust, powders and flakes e...
