Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia - 2022

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia (CIF) - 2022
  2. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia (CIF) - 2022

In 2021, the average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $3,096 per ton, jumping by 25% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The import price peaked at $3,462 per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($3,230 per ton) and India ($3,075 per ton), while the price for Australia ($2,942 per ton) and Uzbekistan ($2,993 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia

In 2021, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs into Saudi Arabia skyrocketed to 9K tons, jumping by 42% against 2020. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 230% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs skyrocketed to $28M in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 204%. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in years to come.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Saudi Arabia (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Spain1.93.27.8102.6%
South Korea1.13.86.9150.5%
Belgium1.33.03.973.2%
MexicoN/A0.92.7200.0%
AustraliaN/A2.12.39.5%
UzbekistanN/A0.41.5275.0%
IndiaN/A0.41.1175.0%
BulgariaN/A0.90.7-22.2%
Norway0.80.7N/A-12.5%
OthersN/A0.31.0233.3%
Total5.215.827.9131.6%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to Saudi Arabia in 2022:

  1. Spain (2.5K tons)
  2. South Korea (2.3K tons)
  3. Belgium (1.3K tons)
  4. Australia (0.8K tons)
  5. Mexico (0.8K tons)
  6. Uzbekistan (0.5K tons)
  7. India (0.4K tons)
  8. Bulgaria (0.2K tons)

Source: IndexBox Market Intelligence Platform

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