Price for Zinc; Bars, Rods, Profiles and Wire in Singapore - 2023
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Singapore (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Singapore (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Singapore
- Exports of Zinc; Bars, Rods, Profiles and Wire in Singapore
Price for Zinc; Bars, Rods, Profiles and Wire in Singapore (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $2,587 per ton in 2022, which is down by -26.1% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, average import prices hit record highs at $6,307 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,173 per ton), while the price for China ($1,109 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+95.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Zinc; Bars, Rods, Profiles and Wire in Singapore (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $4,596 per ton in 2022, which is down by -34% against the previous year. Over the period under review, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 58% against the previous year. As a result, the export price attained the peak level of $9,112 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($7,808 per ton), while the average price for exports to the Czech Republic ($3,499 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 the Czech Republic (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Zinc; Bars, Rods, Profiles and Wire in Singapore
In 2022, approx. 373 tons of zinc; bars, rods, profiles and wires were imported into Singapore; jumping by 22% on the previous year. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of zinc; bars, rods, profiles and wires dropped to $964K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 98%. As a result, imports attained the peak of $1.1M, and then fell in the following year.
| Import of Zinc; Bars, Rods, Profiles and Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.3 | 121 | 501 | 280 | 499.4% |
| Malaysia | 178 | 139 | 147 | 241 | 10.6% |
| India | 0.1 | 0.3 | 12.2 | 215 | 1190.7% |
| China | 367 | 204 | 351 | 158 | -24.5% |
| Thailand | N/A | N/A | N/A | 14.2 | 0% |
| Others | 228 | 76.1 | 60.6 | 56.2 | -37.3% |
| Total | 775 | 540 | 1,072 | 964 | 7.5% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Singapore in 2022:
- Malaysia (155.8 tons)
- China (142.1 tons)
- India (30.6 tons)
- Japan (30.6 tons)
- Thailand (7.5 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Singapore
In 2022, exports of zinc; bars, rods, profiles and wires from Singapore soared to 145 tons, rising by 56% on the previous year. In general, exports, however, continue to indicate a deep setback.
In value terms, exports of zinc; bars, rods, profiles and wires rose to $666K in 2022. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year.
| Export of Zinc; Bars, Rods, Profiles and Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 230 | 99.3 | 314 | 297 | 8.9% |
| Indonesia | 620 | 100 | 47.2 | 224 | -28.8% |
| Malaysia | 47.7 | 84.5 | 228 | 89.1 | 23.2% |
| Angola | N/A | N/A | N/A | 25.6 | 0% |
| Germany | 76.3 | 12.3 | N/A | N/A | -83.9% |
| Others | 22.4 | 92.2 | 57.1 | 29.6 | 9.7% |
| Total | 996 | 388 | 647 | 666 | -12.6% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Singapore in 2022:
- Czech Republic (85.0 tons)
- Indonesia (38.8 tons)
- Malaysia (15.5 tons)
- Angola (3.3 tons)
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