Zinc Dust Price in Nigeria - 2022
Contents:
- Zinc Dust Price in Nigeria (CIF) - 2022
- Zinc Dust Price in Nigeria (FOB) - 2022
- Zinc Dust Imports in Nigeria
- Zinc Dust Exports in Nigeria
Zinc Dust Price in Nigeria (CIF) - 2022
The average zinc dust import price stood at $3,217 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 22%. As a result, import price attained the peak level of $3,456 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,853 per ton), while the price for the United Arab Emirates ($609 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Zinc Dust Price in Nigeria (FOB) - 2022
In 2022, the average zinc dust export price amounted to $861 per ton, picking up by 16% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc dust export price increased by +20.1% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 61% against the previous year. As a result, the export price reached the peak level of $927 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,344 per ton), while the average price for exports to India ($91 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Zinc Dust Imports in Nigeria
In 2022, imports of zinc dusts into Nigeria soared to 67 tons, surging by 20% on the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 681% against the previous year. As a result, imports reached the peak of 86 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, zinc dust imports soared to $216K in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 598% against the previous year. As a result, imports reached the peak of $254K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Zinc Dust in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.4 | 32.2 | 19.5 | 48.8 | 143.0% |
| South Korea | 4.8 | 41.1 | 31.2 | 46.1 | 112.6% |
| South Africa | 2.3 | 7.2 | 25.2 | 32.2 | 141.0% |
| Norway | 8.3 | 77.9 | 47.4 | 26.6 | 47.4% |
| China | 7.5 | 56.3 | 28.5 | 12.8 | 19.5% |
| Belgium | 1.7 | 9.3 | 3.5 | 11.5 | 89.1% |
| United Arab Emirates | 0.2 | 1.2 | 1.6 | 0.9 | 65.1% |
| Others | 8.3 | 28.5 | 21.2 | 37.0 | 64.6% |
| Total | 36.3 | 254 | 178 | 216 | 81.2% |
Top Suppliers of Zinc Dust to Nigeria in 2022:
- China (15.5 tons)
- South Korea (14.1 tons)
- South Africa (8.8 tons)
- Norway (8.2 tons)
- India (7.6 tons)
- Belgium (3.0 tons)
- United Arab Emirates (1.5 tons)
Zinc Dust Exports in Nigeria
In 2022, shipments abroad of zinc dusts decreased by -8.3% to 98 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 144%. As a result, the exports attained the peak of 125 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, zinc dust exports expanded markedly to $85K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 122% against the previous year. As a result, the exports attained the peak of $90K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Zinc Dust in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 17.0 | 30.4 | 39.7 | 15.3 | -3.5% |
| Kenya | 21.4 | 32.3 | 23.7 | 15.2 | -10.8% |
| India | 2.1 | 3.3 | 4.1 | 1.1 | -19.4% |
| Malaysia | N/A | 23.8 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 11.8 | N/A | 0% |
| Others | N/A | N/A | N/A | 52.9 | 0% |
| Total | 40.6 | 89.9 | 79.2 | 84.6 | 27.7% |
Top Export Markets for Zinc Dust from Nigeria in 2022:
- Kenya (19.9 tons)
- India (12.2 tons)
- Belgium (11.4 tons)
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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...
1273
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...
1440
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...
1273
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...
