Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan - 2023

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (FOB) - 2023
  2. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (CIF) - 2023
  3. Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan
  4. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (FOB) - 2023

The average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $2,544 per ton in November 2023, approximately mirroring the previous month. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 8.1% month-to-month. As a result, the export price attained the peak level of $3,260 per ton. From March 2023 to November 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In November 2023, the highest price was recorded for prices to Indonesia ($2,674 per ton) and Thailand ($2,624 per ton), while the average price for exports to India ($2,514 per ton) and Vietnam ($2,550 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.2%), while the prices for the other major destinations experienced a decline.

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (CIF) - 2023

The average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $2,399 per ton in November 2023, rising by 1.6% against the previous month. In general, the import price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 12% m-o-m. The import price peaked at $3,392 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($5,086 per ton), while the price for Malaysia totaled $2,226 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan

In 2022, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs from Japan reduced notably to 25K tons, dropping by -22.9% compared with 2021 figures. Overall, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of 32K tons, and then contracted markedly in the following year.

In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs declined to $85M in 2022. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 90%. As a result, the exports attained the peak of $95M, and then reduced in the following year.

Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/A3.422.522.3156.1%
Indonesia20.09.125.818.1-3.3%
Taiwan (Chinese)8.89.118.017.726.2%
Vietnam10.510.110.78.5-6.8%
China8.69.98.66.3-9.9%
Philippines5.53.12.85.81.8%
Thailand2.72.55.23.59.0%
Others2.23.01.82.88.4%
Total58.250.395.585.113.5%

Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc from Japan in 2022:

  1. India (7.0K tons)
  2. Taiwan (Chinese) (5.0K tons)
  3. Indonesia (4.9K tons)
  4. Vietnam (2.4K tons)
  5. China (1.8K tons)
  6. Philippines (1.6K tons)
  7. Thailand (1.0K tons)

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan

In 2022, overseas purchases of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs were finally on the rise to reach 5K tons after two years of decline. Over the period under review, imports, however, recorded a noticeable decrease.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs soared to $18M in 2022. In general, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru10.77.27.714.811.4%
Malaysia1.91.41.31.90.0%
India0.6N/AN/A0.914.5%
China0.40.50.40.40.0%
South Korea0.40.7N/AN/A75.0%
Others0.60.10.3N/A-29.3%
Total14.69.99.617.97.0%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to Japan in 2022:

  1. Peru (4.0K tons)
  2. Malaysia (0.6K tons)
  3. India (0.2K tons)
  4. China (0.1K tons)

Source: IndexBox Market Intelligence Platform

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