Price for Zinc; Bars, Rods, Profiles and Wire in Sri Lanka - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka
- Exports of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka
Price for Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $10,062 per ton in 2022, with an increase of 2.9% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; bars, rods, profiles and wires increased by +59.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 55%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 China ($12,139 per ton), while the price for the United Arab Emirates ($2,418 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $2,086 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2015 an increase of 271%. The export price peaked at $6,186 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +12.2% per year.
Imports of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka
In 2022, approx. 146 tons of zinc; bars, rods, profiles and wires were imported into Sri Lanka; increasing by 44% on the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% 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 +65.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of zinc; bars, rods, profiles and wires soared to $1.5M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 561 | 416 | 834 | 1,336 | 33.5% |
| India | 120 | 108 | 113 | 85.5 | -10.7% |
| Singapore | 0.8 | 20.7 | 28.3 | 24.8 | 214.1% |
| Others | 9.3 | 11.3 | 16.9 | 24.1 | 37.4% |
| Total | 690 | 556 | 992 | 1,470 | 28.7% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Sri Lanka in 2022:
- China (110.1 tons)
- India (30.2 tons)
- Singapore (3.1 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka
In 2022, overseas shipments of zinc; bars, rods, profiles and wires decreased by -10.3% to 70 kg, falling for the second year in a row after two years of growth. In general, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2020 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 593 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of zinc; bars, rods, profiles and wires expanded notably to $146 in 2022. Overall, exports faced a dramatic decrease.
| Export of Zinc; Bars, Rods, Profiles and Wire in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1,281 | 1,361 | 134 | 146 | -51.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,281 | 1,361 | 134 | 146 | -51.5% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Sri Lanka in 2022:
- Maldives (70.0 kg)
1195
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