Price for Zinc; Waste and Scrap in Saudi Arabia - 2021

Contents:

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

Price for Zinc; Waste and Scrap in Saudi Arabia (FOB) - 2022

The average zinc; waste and scrap export price stood at $1,458 per ton in 2021, growing by 46% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 86%. The export price peaked at $1,580 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,573 per ton), while the average price for exports to Malaysia ($227 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average zinc; waste and scrap import price stood at $2,641 per ton in 2021, jumping by 30% against the previous year. In general, the import price saw resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Egypt ($2,953 per ton), while the price for the United Arab Emirates ($1,963 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Zinc; Waste and Scrap in Saudi Arabia

Zinc; waste and scrap exports from Saudi Arabia rose rapidly to 12K tons in 2022, increasing by 11% against the previous year's figure. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, zinc; waste and scrap exports shrank to $15M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $16M, and then fell in the following year.

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

1. India (6.0K tons)
2. Italy (2.6K tons)
3. United Arab Emirates (1.0K tons)
4. Spain (0.6K tons)
5. Malaysia (0.3K tons)
6. South Korea (0.3K tons)
7. Sri Lanka (0.2K tons)

Imports of Zinc; Waste and Scrap in Saudi Arabia

Zinc; waste and scrap imports into Saudi Arabia contracted sharply to 186 tons in 2022, falling by -42.2% compared with the previous year. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 539% against the previous year. As a result, imports attained the peak of 321 tons, and then declined significantly in the following year.

In value terms, zinc; waste and scrap imports declined dramatically to $475K in 2022. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 727%. As a result, imports reached the peak of $848K, and then shrank rapidly in the following year.

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

1. United Arab Emirates (122.5 tons)
2. Egypt (43.1 tons)
3. United Kingdom (8.4 tons)

Source: IndexBox Market Intelligence Platform