Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria - 2023
Contents:
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (CIF) - 2022
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (FOB) - 2022
- Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria
- Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (CIF) - 2022
The average import price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs stood at $4,454 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs increased by +76.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($5,475 per ton) and Brazil ($4,872 per ton), while the price for Malaysia ($3,785 per ton) and Russia ($4,143 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (FOB) - 2022
In 2022, the average export price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs amounted to $1,631 per ton, shrinking by -18% against the previous year. In general, the export price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64%. As a result, the export price reached the peak level of $1,990 per ton, and then declined notably in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($2,192 per ton), while the average price for exports to China ($1,462 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.7%).
Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria
Imports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs into Nigeria skyrocketed to 7.6K tons in 2022, picking up by 27% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt decline.
In value terms, imports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs skyrocketed to $34M in 2022. Overall, total imports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 7.4 | 6.3 | 18.8 | 80.4% |
| Belgium | 10.4 | 10.4 | 5.2 | 5.4 | -19.6% |
| Brazil | N/A | N/A | N/A | 3.8 | 0% |
| Russia | N/A | N/A | N/A | 2.5 | 0% |
| Spain | 1.9 | 13.9 | 7.5 | 1.1 | -16.7% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.9 | 0% |
| Malaysia | N/A | N/A | N/A | 0.5 | 0% |
| Namibia | 5.2 | N/A | N/A | N/A | 0% |
| United Kingdom | 4.9 | N/A | N/A | N/A | 0% |
| Netherlands | 4.5 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 1.3 | 0.1 | 1.0 | -24.2% |
| Total | 32.5 | 33.0 | 19.2 | 34.0 | 1.5% |
Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc to Nigeria in 2022:
- India (4388.9 tons)
- Belgium (982.1 tons)
- Brazil (775.2 tons)
- Russia (605.0 tons)
- Spain (249.6 tons)
- Taiwan (Chinese) (200.5 tons)
- Malaysia (126.9 tons)
- United Kingdom (0.4 tons)
Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria
Exports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs from Nigeria skyrocketed to 790 tons in 2022, picking up by 680% against the previous year. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs surged to $1.3M in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 577%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 758 | 0% |
| Mexico | N/A | N/A | 163 | 385 | 136.2% |
| China | N/A | 124 | 38.8 | 146 | 8.5% |
| South Africa | 18.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.4 | 124 | 202 | 1,289 | 312.2% |
Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc from Nigeria in 2022:
- India (514.6 tons)
- Mexico (175.7 tons)
- China (100.0 tons)
1330
This report provides an in-depth analysis of the zinc market in Nigeria.
621
This report provides an in-depth analysis of the zinc market in Nigeria.
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This report provides an in-depth analysis of the zinc alloys market in Nigeria.
975
This report provides an in-depth analysis of the global zinc market.
1150
This report provides an in-depth analysis of the global zinc market.
1973
This report provides an in-depth analysis of the global zinc alloys market.
1330
This report provides an in-depth analysis of the zinc market in Nigeria.
621
This report provides an in-depth analysis of the zinc market in Nigeria.
470
This report provides an in-depth analysis of the zinc alloys market in Nigeria.
975
This report provides an in-depth analysis of the global zinc market.
351
Explore the world's best import markets for zinc, including the United States, Turkey, Germany, and more. Get key statistics and figures on zinc imports from IndexBox platform.
2145
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
914
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
791
In January 2022, the average annual zinc price $3,599 per ton, picking up 6% from December 2021. The price is forecast to ease 4% y/y to approx. $2,880 per ton in 2022 due to excessive market supply.
351
Explore the world's best import markets for zinc, including the United States, Turkey, Germany, and more. Get key statistics and figures on zinc imports from IndexBox platform.
2145
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
914
In 2016, the global zinc imports totaled X tons, approximately mirroring the previous year figure. In general, zinc imports continue to indicate a relatively flat trend pattern. The pace of growt...
791
In January 2022, the average annual zinc price $3,599 per ton, picking up 6% from December 2021. The price is forecast to ease 4% y/y to approx. $2,880 per ton in 2022 due to excessive market supply.
