Zinc Dust Price in Pakistan - 2023

Contents:

1. Zinc Dust Price in Pakistan (FOB) - 2022
2. Zinc Dust Price in Pakistan (CIF) - 2022
3. Zinc Dust Exports in Pakistan
4. Zinc Dust Imports in Pakistan

Zinc Dust Price in Pakistan (FOB) - 2022

In 2022, the average zinc dust export price amounted to $1,412 per ton, picking up by 23% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 32%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($1,831 per ton) and Taiwan (Chinese) ($1,580 per ton), while the average price for exports to South Korea ($1,261 per ton) and the United Arab Emirates ($1,385 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Dust Price in Pakistan (CIF) - 2022

The average zinc dust import price stood at $4,172 per ton in 2022, with an increase of 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($18,348 per ton), while the price for South Korea ($918 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Dust Exports in Pakistan

Zinc dust exports from Pakistan surged to 1.5K tons in 2022, picking up by 16% compared with 2021 figures. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc dust exports skyrocketed to $2.2M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +74.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Zinc Dust from Pakistan in 2022:

1. United Arab Emirates (673.7 tons)
2. Taiwan (Chinese) (421.7 tons)
3. South Korea (413.0 tons)
4. Turkey (22.7 tons)

Zinc Dust Imports in Pakistan

In 2022, approx. 136 tons of zinc dusts were imported into Pakistan; with an increase of 26% compared with the previous year's figure. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 81%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, zinc dust imports skyrocketed to $567K in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Zinc Dust to Pakistan in 2022:

1. South Korea (39.9 tons)
2. United Arab Emirates (35.3 tons)
3. Malaysia (26.1 tons)
4. Uganda (13.5 tons)
5. United States (8.3 tons)
6. South Africa (2.9 tons)
7. Italy (2.6 tons)
8. Thailand (2.5 tons)

Source: IndexBox Market Intelligence Platform