Price for Zinc; Bars, Rods, Profiles and Wire in the UK - 2024
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in the UK (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in the UK (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in the UK
- Exports of Zinc; Bars, Rods, Profiles and Wire in the UK
Price for Zinc; Bars, Rods, Profiles and Wire in the UK (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $6,371 per ton in 2022, growing by 31% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 India ($16,373 per ton), while the price for the Netherlands ($2,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+122.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in the UK (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $7,305 per ton in 2022, which is down by -3.9% against the previous year. In general, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices attained the maximum at $7,834 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($16,451 per ton), while the average price for exports to India ($2,939 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 United Arab Emirates (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in the UK
In 2022, the amount of zinc; bars, rods, profiles and wires imported into the UK amounted to 1K tons, standing approx. at 2021 figures. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of zinc; bars, rods, profiles and wires skyrocketed to $6.4M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports attained the peak of $6.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Zinc; Bars, Rods, Profiles and Wire in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,820 | 6,340 | 3,632 | 3,322 | -4.5% |
| China | 234 | 106 | 755 | 2,305 | 114.4% |
| India | N/A | 1.7 | 171 | 290 | 1206.1% |
| Poland | N/A | 0.1 | 0.3 | 102 | 3093.7% |
| France | 3.3 | 2.0 | 0.2 | 102 | 213.8% |
| Netherlands | N/A | 3.5 | 0.3 | 51.6 | 284.0% |
| Belgium | 629 | 249 | 185 | 3.3 | -82.6% |
| Others | 351 | 45.4 | 153 | 249 | -10.8% |
| Total | 5,039 | 6,749 | 4,898 | 6,424 | 8.4% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to the UK in 2022:
- Germany (709.5 tons)
- China (170.1 tons)
- Poland (41.5 tons)
- France (29.1 tons)
- Netherlands (24.1 tons)
- India (17.7 tons)
- Belgium (0.6 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in the UK
For the fourth year in a row, the UK recorded growth in overseas shipments of zinc; bars, rods, profiles and wires, which increased by 82% to 537 tons in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of zinc; bars, rods, profiles and wires soared to $3.9M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Zinc; Bars, Rods, Profiles and Wire in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.5 | 0.3 | 44.6 | 782 | 704.8% |
| Netherlands | 47.6 | 52.0 | 280 | 557 | 127.0% |
| Germany | 156 | 115 | 147 | 417 | 38.8% |
| Ireland | 83.8 | 129 | 125 | 265 | 46.8% |
| Australia | 141 | 133 | 266 | 233 | 18.2% |
| India | 9.7 | 7.6 | 53.4 | 209 | 178.3% |
| Italy | 37.8 | 30.3 | 87.9 | 137 | 53.6% |
| United Arab Emirates | 99.7 | 108 | 90.5 | 125 | 7.8% |
| Saudi Arabia | 22.4 | 33.0 | 24.7 | 116 | 73.0% |
| Egypt | 8.8 | 2.7 | N/A | 106 | 129.2% |
| Singapore | 132 | 37.8 | 36.2 | 63.5 | -21.6% |
| Malta | 75.3 | 65.0 | 51.9 | 39.9 | -19.1% |
| Sweden | 103 | 144 | 32.1 | 13.6 | -49.1% |
| Others | 805 | 1,048 | 1,007 | 858 | 2.1% |
| Total | 1,723 | 1,906 | 2,247 | 3,921 | 31.5% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from the UK in 2022:
- Belgium (104.6 tons)
- Netherlands (87.3 tons)
- India (71.0 tons)
- Germany (56.2 tons)
- Ireland (35.7 tons)
- Australia (33.9 tons)
- Saudi Arabia (32.8 tons)
- United Arab Emirates (13.6 tons)
- Egypt (11.3 tons)
- Singapore (8.5 tons)
- Italy (8.3 tons)
- Malta (7.8 tons)
- Sweden (1.0 tons)
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