Canada - Zinc Oxide And Zinc Peroxide - Market Analysis, Forecast, Size, Trends And Insights
Zinc Oxide Price in Canada Grows 7%, Averaging $3,579 per Ton After Two Consecutive Months of Increase
Canada Zinc Oxide Export Price in February 2023
In February 2023, the zinc oxide price amounted to $3,579 per ton (FOB, Canada), growing by 6.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $4,001 per ton. From June 2022 to February 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In February 2023, the countries with the highest prices were the United States ($3,736 per ton) and South Africa ($2,608 per ton), while the average price for exports to China ($2,575 per ton) and South Korea ($2,579 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.6%), while the prices for the other major destinations experienced a decline.
|COUNTRY||Export Price of Zinc Oxide in Canada (USD per ton)|
|Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023|
Canada Zinc Oxide Exports
In February 2023, the amount of zinc oxide and zinc peroxide exported from Canada expanded slightly to 3.6K tons, with an increase of 1.5% on the month before. In general, exports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in March 2022 when exports increased by 18% against the previous month. As a result, the exports reached the peak of 5K tons. From April 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, zinc oxide exports rose rapidly to $13M (IndexBox estimates) in February 2023. Overall, exports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in January 2023 with an increase of 22% month-to-month.
Canada Zinc Oxide Exports by Country
the United States (3.1K tons) was the main destination for zinc oxide exports from Canada, with a 86% share of total exports. Moreover, zinc oxide exports to the United States exceeded the volume sent to the second major destination, China (144 tons), more than tenfold. South Africa (97 tons) ranked third in terms of total exports with a 2.7% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume to the United States totaled -1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-0.7% per month) and South Africa (+7.9% per month).
In value terms, the United States ($12M) remains the key foreign market for zinc oxide exports from Canada, comprising 90% of total exports. The second position in the ranking was taken by China ($371K), with a 2.9% share of total exports. It was followed by South Africa, with a 1.9% share.
From February 2022 to February 2023, the average monthly growth rate of value to the United States totaled -1.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-3.1% per month) and South Africa (+7.3% per month).
This report provides an in-depth analysis of the zinc oxide market in Canada. 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.
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