Turkey - Zinc - Market Analysis, Forecast, Size, Trends And Insights
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View PricingZinc Price Rises by 4.1% to Reach $3,161 per Ton
Turkey Zinc Import Price in December 2022
In December 2022, the zinc price stood at $3,161 per ton (CIF, Turkey), picking up by 4.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 7.7% month-to-month. The import price peaked at $4,140 per ton in May 2022; however, from June 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Brazil ($3,380 per ton) and Bulgaria ($3,331 per ton), while the price for Kazakhstan ($2,868 per ton) and Australia ($3,033 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%), while the prices for the other major suppliers experienced a decline.
Turkey Zinc Imports
In December 2022, supplies from abroad of zinc decreased by -12.9% to 26K tons, falling for the second month in a row after two months of growth. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in February 2022 with an increase of 363% m-o-m. Over the period under review, imports reached the peak figure at 34K tons in October 2022; however, from November 2022 to December 2022, imports remained at a lower figure.
In value terms, zinc imports contracted to $82M (IndexBox estimates) in December 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in February 2022 when imports increased by 394% m-o-m. Imports peaked at 115K tons in October 2022; however, from November 2022 to December 2022, imports stood at a somewhat lower figure.
Turkey Zinc Imports by Country
In December 2022, Iran (12K tons) constituted the largest supplier of zinc to Turkey, with a 47% share of total imports. Moreover, zinc imports from Iran exceeded the figures recorded by the second-largest supplier, Uzbekistan (4.3K tons), threefold. The third position in this ranking was taken by Kazakhstan (3.8K tons), with a 14% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume from Iran totaled +51.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (+9.0% per month) and Kazakhstan (+30.5% per month).
In value terms, Iran ($39M) constituted the largest supplier of zinc to Turkey, comprising 47% of total imports. The second position in the ranking was held by Uzbekistan ($14M), with a 17% share of total imports. It was followed by Kazakhstan, with a 13% share.
From January 2022 to December 2022, the average monthly growth rate of value from Iran totaled +50.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Uzbekistan (+8.3% per month) and Kazakhstan (+27.0% per month).
Factors Affecting Zinc Price Growth
The price rise is due to several factors, including growing demand from the construction and manufacturing sectors, as well as supply chain disruptions that have affected production in some of the world's largest zinc-producing countries.
Zinc is a key component in many industrial processes, from galvanizing steel to manufacturing batteries, and its price has a ripple effect throughout many different industries. As such, the expected rise in zinc prices is likely to have significant economic implications for businesses that rely on this metal for their operations.
Despite the challenges presented by rising prices, there are also new opportunities for growth and innovation. Companies that can navigate the changing market dynamics and remain agile in their approach to procurement and production will stand to benefit in the long term. Overall, it is important to stay informed and adaptable in the face of these shifting market conditions.
This report provides an in-depth analysis of the zinc market 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.
Product coverage:
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
