Price for Zinc; Powders and Flakes in Thailand - 2023

Contents:

1. Price for Zinc; Powders and Flakes in Thailand (CIF) - 2023
2. Price for Zinc; Powders and Flakes in Thailand (FOB) - 2022
3. Imports of Zinc; Powders and Flakes in Thailand
4. Exports of Zinc; Powders and Flakes in Thailand

Price for Zinc; Powders and Flakes in Thailand (CIF) - 2023

In September 2023, the average zinc; powders and flakes import price amounted to $339 per ton, waning by -44.9% against the previous month. Overall, the import price faced a deep slump. The pace of growth was the most pronounced in November 2022 an increase of 1,025% m-o-m. As a result, import price reached the peak level of $4,753 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Pakistan ($629 per ton), while the price for Mexico ($155 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Powders and Flakes in Thailand (FOB) - 2022

The average zinc; powders and flakes export price stood at $2,884 per ton in 2022, growing by 64% against the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 755% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Vietnam ($8,720 per ton), while the average price for exports to China ($945 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 China (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Powders and Flakes in Thailand

In 2022, approx. 3.1K tons of zinc; powders and flakeses were imported into Thailand; growing by 26% against the year before. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 90%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, zinc; powders and flakes imports surged to $5.2M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Zinc; Powders and Flakes to Thailand in 2022:

1. Japan (1817.9 tons)
2. Egypt (515.2 tons)
3. Taiwan (Chinese) (282.9 tons)
4. Pakistan (127.2 tons)
5. Bangladesh (108.7 tons)
6. China (55.4 tons)
7. Malaysia (52.2 tons)

Exports of Zinc; Powders and Flakes in Thailand

Zinc; powders and flakes exports from Thailand surged to 1K tons in 2022, with an increase of 194% against 2021 figures. In general, exports recorded a strong expansion.

In value terms, zinc; powders and flakes exports soared to $2.9M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Zinc; Powders and Flakes from Thailand in 2022:

1. Japan (469.8 tons)
2. Taiwan (Chinese) (447.2 tons)
3. Vietnam (35.0 tons)
4. China (31.5 tons)
5. Indonesia (10.6 tons)

Source: IndexBox Market Intelligence Platform