Price for Zinc; Waste and Scrap in the Philippines - 2023

Contents:

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

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

In June 2023, the average zinc; waste and scrap export price amounted to $1,124 per ton, remaining relatively unchanged against the previous month. Overall, the export price saw a mild decrease. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 144% month-to-month. The export price peaked at $1,819 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From June 2022 to June 2023, the rate of growth in terms of prices for Singapore amounted to +0.2% per month.

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

In 2021, the average zinc; waste and scrap import price amounted to $599 per ton, reducing by -53.5% against the previous year. In general, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 113% against the previous year. The import price peaked at $1,616 per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($10,361 per ton), while the price for China ($28 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Zinc; Waste and Scrap in the Philippines

In 2022, the amount of zinc; waste and scraps exported from the Philippines surged to 2.1K tons, rising by 46% against the previous year. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, zinc; waste and scrap exports soared to $2.4M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +96.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. India (1088.9 tons)
2. Japan (709.6 tons)
3. Singapore (116.8 tons)

Imports of Zinc; Waste and Scrap in the Philippines

In 2022, supplies from abroad of zinc; waste and scraps was finally on the rise to reach 34 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump.

In value terms, zinc; waste and scrap imports surged to $35K in 2022. In general, imports, however, faced a dramatic curtailment.

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

1. Singapore (undefined tons)
2. China (1.2 tons)
3. United States (0.6 tons)
4. India (0.3 tons)

Source: IndexBox Market Intelligence Platform