Price for Zinc; Bars, Rods, Profiles and Wire in China - 2024
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in China (FOB) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in China (CIF) - 2022
- Exports of Zinc; Bars, Rods, Profiles and Wire in China
- Imports of Zinc; Bars, Rods, Profiles and Wire in China
Price for Zinc; Bars, Rods, Profiles and Wire in China (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $5,356 per ton in 2022, picking up by 20% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for zinc; bars, rods, profiles and wires increased by +44.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($19,585 per ton), while the average price for exports to Bangladesh ($2,809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in China (CIF) - 2022
In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $4,574 per ton, surging by 24% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 95% against the previous year. As a result, import price attained the peak level of $6,214 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($13,050 per ton), while the price for Indonesia ($2,212 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Zinc; Bars, Rods, Profiles and Wire in China
In 2022, shipments abroad of zinc; bars, rods, profiles and wires decreased by -8% to 2.6K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 7.3% against the previous year. As a result, the exports attained the peak of 3.5K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of zinc; bars, rods, profiles and wires rose markedly to $14M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Zinc; Bars, Rods, Profiles and Wire in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,697 | 1,432 | 1,377 | 1,989 | 5.4% |
| India | 1,438 | 1,169 | 1,039 | 1,397 | -1.0% |
| Sri Lanka | 543 | 445 | 826 | 1,144 | 28.2% |
| United States | 2,154 | 1,839 | 858 | 1,100 | -20.1% |
| Vietnam | 1,294 | 2,305 | 1,314 | 991 | -8.5% |
| Russia | 35.5 | 99.4 | 99.3 | 966 | 200.8% |
| Taiwan (Chinese) | 769 | 648 | 688 | 922 | 6.2% |
| Ireland | N/A | N/A | 126 | 696 | 452.4% |
| Singapore | 126 | 126 | 190 | 450 | 52.9% |
| Thailand | 372 | 357 | 356 | 401 | 2.5% |
| Bangladesh | 4.7 | 177 | 766 | 369 | 328.2% |
| Mexico | 40.8 | 63.3 | 183 | 285 | 91.2% |
| Indonesia | 313 | 149 | 217 | 212 | -12.2% |
| Others | 4,216 | 4,265 | 4,528 | 2,975 | -11.0% |
| Total | 13,003 | 13,075 | 12,568 | 13,899 | 2.2% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from China in 2022:
- Japan (348.1 tons)
- India (279.4 tons)
- Taiwan (Chinese) (209.1 tons)
- Vietnam (200.7 tons)
- Russia (195.0 tons)
- United States (167.5 tons)
- Bangladesh (131.5 tons)
- Singapore (112.5 tons)
- Thailand (106.4 tons)
- Indonesia (72.8 tons)
- Mexico (59.8 tons)
- Sri Lanka (58.4 tons)
- Ireland (53.9 tons)
Imports of Zinc; Bars, Rods, Profiles and Wire in China
In 2022, imports of zinc; bars, rods, profiles and wires into China shrank remarkably to 615 tons, with a decrease of -68.6% compared with the year before. Overall, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.
In value terms, imports of zinc; bars, rods, profiles and wires declined remarkably to $2.8M in 2022. Over the period under review, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Zinc; Bars, Rods, Profiles and Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.3 | 0.7 | 0.7 | 0.8 | -14.9% |
| South Korea | 3.4 | 2.0 | 3.4 | 0.7 | -41.0% |
| Australia | 3.4 | 1.6 | 2.0 | 0.4 | -51.0% |
| Germany | 0.8 | 0.7 | 0.2 | 0.4 | -20.6% |
| Indonesia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
| Norway | N/A | 5.0 | N/A | N/A | 0% |
| Belgium | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Others | 0.3 | 1.6 | 0.5 | 0.3 | 0.0% |
| Total | 9.4 | 11.7 | 7.2 | 2.8 | -33.2% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to China in 2022:
- Japan (173.9 tons)
- South Korea (172.4 tons)
- Australia (82.9 tons)
- Germany (82.8 tons)
- Indonesia (50.5 tons)
- Hong Kong SAR (20.2 tons)
- Belgium (2.0 tons)
- Norway (0.1 tons)
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