Nigeria"s zinc market has shown significant fluctuations in trade volumes and prices over recent years. In 2023, Nigeria imported 5,782,720 kg of zinc not alloyed, with a purity of ≥99. 99%, valued at approximately $21. 39 million. This indicates a substantial volume increase compared to 2022, when imports were recorded at zero, yet valued at $33. 99 million, suggesting previous supply constraints or price surges. Exports of high-purity zinc in 2023 were recorded at 579,520 kg, generating $1. 14 million in revenue, a slight decrease from 790,370 kg and $1.

29 million in 2022, indicating a reduction in export volume yet a relatively stable market price. This points to a growing domestic demand, possibly induced by Nigeria"s expanding industrial base. For lower purity zinc (<99. 99%), 2023 imports were minimal at 10,500 kg, valued at just $6,464, while exports in 2022 were significantly higher at 24,930 kg, valued at $67,095. The market for zinc alloys also saw changes, with 2023 exports reaching 50,000 kg, generating $80,992, although imports were negligible. The market dynamics suggest Nigeria is becoming a net importer of zinc, reflecting increased domestic consumption driven by industrial growth. However, the minimal import of alloys and lower purity zinc indicates a focus on higher purity products for domestic use. Aritral, a B2B platform specializing in commodities, can assist stakeholders in navigating this complex market.

By providing product listings, facilitating direct communications, offering global sales assistance, and utilizing AI-powered marketing, Aritral supports efficient international trade and profile management in Nigeria"s evolving zinc market. "