Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria - 2023
Contents:
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria (CIF) - 2022
- Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria (FOB) - 2022
- Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria
- Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria (CIF) - 2022
In 2022, the average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $2,902 per ton, declining by -11.5% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 54%. Over the period under review, average import prices reached the peak figure at $3,280 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($9,756 per ton), while the price for Belgium ($1,494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria (FOB) - 2022
In 2022, the average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $2,691 per ton, jumping by 31% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42%. The export price peaked at $3,833 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($3,617 per ton), while the average price for exports to the United Arab Emirates stood at $2,558 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs, when their volume increased by 106% to 104 tons. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs skyrocketed to $301K in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. 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 Less than 99.99% of Zinc in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 114 | 160 | 108 | 188 | 18.1% |
| Malaysia | N/A | N/A | N/A | 48.0 | 0% |
| Netherlands | 13.3 | 18.3 | 12.2 | 20.9 | 16.3% |
| India | 53.7 | 36.4 | 12.0 | 20.3 | -27.7% |
| South Africa | 12.3 | 16.3 | 10.4 | 17.0 | 11.4% |
| Belgium | 6.7 | 7.8 | 4.4 | 6.4 | -1.5% |
| Others | 3.9 | 4.0 | 17.8 | 0.5 | -49.6% |
| Total | 204 | 243 | 165 | 301 | 13.8% |
Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to Nigeria in 2022:
- Japan (75.1 tons)
- Malaysia (11.5 tons)
- South Africa (5.7 tons)
- India (4.6 tons)
- Belgium (4.3 tons)
- Netherlands (2.1 tons)
Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria
In 2022, overseas shipments of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs decreased by -75.1% to 25 tons, falling for the second year in a row after two years of growth. Overall, exports showed a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 165% against the previous year. As a result, the exports reached the peak of 157 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs reduced notably to $67K in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 176%. As a result, the exports attained the peak of $343K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 25.2 | 57.4 | 64.7 | 55.8 | 30.3% |
| India | 75.9 | 286 | 111 | 11.3 | -47.0% |
| China | 23.3 | N/A | 14.3 | N/A | -21.7% |
| Others | N/A | N/A | 15.7 | N/A | 0% |
| Total | 124 | 343 | 205 | 67.1 | -18.5% |
Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc from Nigeria in 2022:
- United Arab Emirates (21.8 tons)
- India (3.1 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.
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.
1150
This report provides an in-depth analysis of the global zinc market.
1974
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.
352
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...
792
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.
352
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...
792
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.
