
Turkey - Zinc Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Zinc Ores and Concentrates Price in Turkey Rises Modestly to $708 per Ton
Turkey Zinc Ores And Concentrates Export Price in September 2022
In September 2022, the zinc ores and concentrates price stood at $708 per ton (FOB, Turkey), growing by 11% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 55% month-to-month. As a result, the export price reached the peak level of $825 per ton. From April 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Belgium ($1,471 per ton), while the average price for exports to Iran ($134 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Turkey Zinc Ores And Concentrates Exports
In September 2022, zinc ores and concentrates exports from Turkey fell to 69K tons, which is down by -5.5% on the previous month's figure. The total export volume increased at an average monthly rate of +1.0% over the period from January 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when exports increased by 47% against the previous month. As a result, the exports reached the peak of 88K tons. From April 2022 to September 2022, the growth of the exports remained at a lower figure.
In value terms, zinc ores and concentrates exports stood at $49M (IndexBox estimates) in September 2022. Overall, total exports indicated slight growth from January 2022 to September 2022: its value increased at an average monthly rate of +1.6% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -1.1% against July 2022 indices. The most prominent rate of growth was recorded in March 2022 when exports increased by 128% against the previous month. As a result, the exports reached the peak of $73M. From April 2022 to September 2022, the growth of the exports remained at a lower figure.
Turkey Zinc Ores And Concentrates Exports by Country
Iran (34K tons) was the main destination for zinc ores and concentrates exports from Turkey, accounting for a 49% share of total exports. Moreover, zinc ores and concentrates exports to Iran exceeded the volume sent to the second major destination, Belgium (12K tons), threefold. The third position in this ranking was taken by China (5.8K tons), with an 8.4% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Iran stood at +1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Belgium (+2.5% per month) and China (+0.2% per month).
In value terms, Belgium ($17M) remains the key foreign market for zinc ores and concentrates exports from Turkey, comprising 35% of total exports. The second position in the ranking was taken by China ($6.3M), with a 13% share of total exports. It was followed by Peru, with an 11% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Belgium totaled +7.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+1.0% per month) and Peru (+23.8% per month).
This report provides an in-depth analysis of the market for zinc ores and concentrates in Turkey. 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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