Nigeria - Zinc Oxide And Zinc Peroxide - Market Analysis, Forecast, Size, Trends And Insights
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View PricingZinc Oxide Price in Nigeria - 2022
Contents:
- Zinc Oxide Price in Nigeria (CIF) - 2022
- Zinc Oxide Price in Nigeria (FOB) - 2022
- Zinc Oxide Imports in Nigeria
- Zinc Oxide Exports in Nigeria
Zinc Oxide Price in Nigeria (CIF) - 2022
The average zinc oxide import price stood at $2,299 per ton in 2022, shrinking by -20.7% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 42%. Over the period under review, average import prices attained the peak figure at $2,898 per ton in 2021, and then shrank notably 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 Belgium ($2,717 per ton), while the price for Singapore ($368 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Zinc Oxide Price in Nigeria (FOB) - 2022
The average zinc oxide export price stood at $278 per ton in 2022, waning by -23.7% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. The export price peaked at $2,229 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,243 per ton), while the average price for exports to China ($172 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 the United States (+91.8%), while the prices for the other major destinations experienced a decline.
Zinc Oxide Imports in Nigeria
Zinc oxide imports into Nigeria skyrocketed to 1K tons in 2022, picking up by 187% compared with 2021 figures. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, zinc oxide imports soared to $2.4M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Zinc Oxide in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 324 | 1,465 | 362 | 472 | 13.4% |
China | 107 | 180 | 82.0 | 451 | 61.5% |
Germany | 121 | 145 | 104 | 205 | 19.2% |
Israel | 12.2 | 36.4 | 23.9 | 47.0 | 56.8% |
South Africa | 2.8 | 10.3 | 27.6 | 46.4 | 154.9% |
United Kingdom | 9.3 | 21.1 | 14.8 | 28.5 | 45.3% |
Singapore | 14.2 | 12.0 | 7.3 | 12.1 | -5.2% |
Denmark | 129 | N/A | N/A | N/A | 0% |
Others | 320 | 188 | 418 | 1,108 | 51.3% |
Total | 1,040 | 2,058 | 1,041 | 2,370 | 31.6% |
Top Suppliers of Zinc Oxide to Nigeria in 2022:
- India (229.8 tons)
- China (202.4 tons)
- Germany (98.4 tons)
- Singapore (32.9 tons)
- Israel (19.0 tons)
- South Africa (17.7 tons)
- United Kingdom (12.9 tons)
Zinc Oxide Exports in Nigeria
In 2022, approx. 282 tons of zinc oxide and zinc peroxide were exported from Nigeria; jumping by 16% compared with the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. As a result, the exports attained the peak of 320 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, zinc oxide exports contracted to $79K in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, the exports reached the peak of $89K, and then fell in the following year.
Export of Zinc Oxide in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 28.0 | 62.6 | 40.9 | 43.3 | 15.6% |
United States | N/A | N/A | 5.9 | 23.6 | 300.0% |
India | 2.2 | 5.3 | 2.6 | 11.7 | 74.6% |
Belgium | 15.1 | N/A | N/A | N/A | 0% |
Vietnam | N/A | N/A | 13.9 | N/A | 0% |
Taiwan (Chinese) | N/A | N/A | 21.9 | N/A | 0% |
Others | 15.2 | N/A | 3.9 | N/A | -49.3% |
Total | 60.5 | 68.0 | 89.1 | 78.5 | 9.1% |
Top Export Markets for Zinc Oxide from Nigeria in 2022:
- China (251.1 tons)
- United States (21.5 tons)
- India (9.4 tons)
This report provides an in-depth analysis of the zinc oxide market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20121130 - Zinc oxide, zinc peroxide
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the zinc oxide market in Nigeria.
This report provides an in-depth analysis of the global zinc oxide market.
This report provides an in-depth analysis of the zinc oxide market in Nigeria.
This report provides an in-depth analysis of the global zinc oxide market.
Zinc oxide is a versatile compound with growing global demand in industries such as cosmetics, pharmaceuticals, rubber manufacturing, and ceramics. The top importers of zinc oxide in 2022 were the United States, Germany, Spain, Mexico, France, Vietnam, Poland, Italy, Czech Republic, and the Netherlands. The United States led the pack with an import value of $362.5 million, followed by Germany with $138.7 million and Spain with $120.5 million.
Zinc oxide is a versatile compound with growing global demand in industries such as cosmetics, pharmaceuticals, rubber manufacturing, and ceramics. The top importers of zinc oxide in 2022 were the United States, Germany, Spain, Mexico, France, Vietnam, Poland, Italy, Czech Republic, and the Netherlands. The United States led the pack with an import value of $362.5 million, followed by Germany with $138.7 million and Spain with $120.5 million.