Price for Zinc; Waste and Scrap in Australia - 2023

Contents:

1. Price for Zinc; Waste and Scrap in Australia (FOB) - 2023
2. Price for Zinc; Waste and Scrap in Australia (CIF) - 2022
3. Exports of Zinc; Waste and Scrap in Australia
4. Imports of Zinc; Waste and Scrap in Australia

Price for Zinc; Waste and Scrap in Australia (FOB) - 2023

In August 2023, the average zinc; waste and scrap export price amounted to $1,075 per ton, dropping by -38.2% against the previous month. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in December 2022 when the average export price increased by 86% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,447 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($2,121 per ton), while the average price for exports to Malaysia ($369 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.4%), while the prices for the other major destinations experienced a decline.

Price for Zinc; Waste and Scrap in Australia (CIF) - 2022

In 2021, the average zinc; waste and scrap import price amounted to $1,908 per ton, rising by 4.8% against the previous year. Overall, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2014 an increase of 46%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,267 per ton), while the price for Papua New Guinea ($554 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Zinc; Waste and Scrap in Australia

In 2022, zinc; waste and scrap exports from Australia skyrocketed to 4.6K tons, jumping by 17% on 2021 figures. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, zinc; waste and scrap exports rose significantly to $8.9M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 42%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Zinc; Waste and Scrap from Australia in 2022:

1. Malaysia (1126.4 tons)
2. Japan (1003.0 tons)
3. New Zealand (580.1 tons)
4. Belgium (486.6 tons)
5. India (438.2 tons)
6. Turkey (335.4 tons)

Imports of Zinc; Waste and Scrap in Australia

For the fourth year in a row, Australia recorded growth in overseas purchases of zinc; waste and scraps, which increased by 2.4% to 88 tons in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, zinc; waste and scrap imports expanded to $170K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 156% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Zinc; Waste and Scrap to Australia in 2022:

1. Belgium (81.9 tons)
2. Indonesia (63.5 tons)
3. Papua New Guinea (3.9 tons)

Source: IndexBox Market Intelligence Platform