Price for Zinc; Waste and Scrap in Canada - 2023

Contents:

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

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

In June 2023, the average zinc; waste and scrap export price amounted to $2,059 per ton, dropping by -6.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 67% against the previous month. As a result, the export price reached the peak level of $2,524 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was the United States ($2,081 per ton), while the average price for exports to India amounted to $1,814 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average zinc; waste and scrap import price stood at $2,393 per ton in 2021, which is down by -25.2% against the previous year. In general, the import price, however, posted a mild increase. The pace of growth appeared the most rapid in 2019 an increase of 60%. The import price peaked at $3,199 per ton in 2020, and then fell remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.0% per year.

Exports of Zinc; Waste and Scrap in Canada

For the fourth consecutive year, Canada recorded growth in shipments abroad of zinc; waste and scraps, which increased by 23% to 16K tons in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, zinc; waste and scrap exports skyrocketed to $30M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. United States (7.3K tons)
2. India (2.5K tons)
3. Malaysia (2.1K tons)
4. Sri Lanka (0.7K tons)
5. Japan (0.7K tons)
6. China (0.3K tons)
7. Belgium (0.2K tons)

Imports of Zinc; Waste and Scrap in Canada

In 2022, approx. 1.9K tons of zinc; waste and scraps were imported into Canada; picking up by 359% against the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 417% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, zinc; waste and scrap imports surged to $1.7M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 287% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. United States (1.0K tons)

Source: IndexBox Market Intelligence Platform