Price for Zinc; Plates, Sheets, Strip and Foil in Portugal - 2023

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in Portugal (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in Portugal (FOB) - 2023
3. Imports of Zinc; Plates, Sheets, Strip and Foil in Portugal
4. Exports of Zinc; Plates, Sheets, Strip and Foil in Portugal

Price for Zinc; Plates, Sheets, Strip and Foil in Portugal (CIF) - 2022

In 2022, the average import price for zinc; plates, sheets, strip and foils amounted to $3,266 per ton, with an increase of 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 27%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Peru ($4,296 per ton) and Germany ($4,200 per ton), while the price for Spain ($3,147 per ton) and the Netherlands ($4,184 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in Portugal (FOB) - 2023

In November 2023, the average export price for zinc; plates, sheets, strip and foils amounted to $965 per ton, increasing by 8.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 43% against the previous month. As a result, the export price attained the peak level of $1,279 per ton. From February 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was France ($888 per ton), while the average price for exports to Italy ($616 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Zinc; Plates, Sheets, Strip and Foil in Portugal

In 2022, the amount of zinc; plates, sheets, strip and foils imported into Portugal plummeted to 4.6K tons, shrinking by -19.8% compared with the previous year. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of 5.7K tons, and then reduced markedly in the following year.

In value terms, imports of zinc; plates, sheets, strip and foils fell to $15M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports attained the peak of $15M, leveling off in the following year.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to Portugal in 2022:

1. Spain (4092.5 tons)
2. Germany (283.8 tons)
3. Peru (126.9 tons)
4. Netherlands (95.8 tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in Portugal

For the fourth year in a row, Portugal recorded growth in shipments abroad of zinc; plates, sheets, strip and foils, which increased by 146% to 4.3K tons in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 493% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of zinc; plates, sheets, strip and foils skyrocketed to $4.7M in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 352%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from Portugal in 2022:

1. France (3342.1 tons)
2. Spain (833.1 tons)
3. Italy (86.3 tons)
4. Angola (11.3 tons)

Source: IndexBox Market Intelligence Platform