Report Update: Apr 1, 2024

India - Zinc - Market Analysis, Forecast, Size, Trends And Insights

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Zinc Price in India - 2023

Zinc Price in India (FOB) - 2023

In June 2023, the average zinc export price amounted to $2,675 per ton, shrinking by -8.5% against the previous month. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 9.8% month-to-month. The export price peaked at $4,155 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Saudi Arabia ($3,052 per ton) and Singapore ($2,816 per ton), while the average price for exports to Thailand ($2,416 per ton) and Indonesia ($2,580 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+41.7%), while the prices for the other major destinations experienced a decline.

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Zinc Price in India (CIF) - 2023

In June 2023, the average zinc import price amounted to $2,857 per ton, which is down by -9.7% against the previous month. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $4,304 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Australia ($3,080 per ton) and Switzerland ($2,884 per ton), while the price for the United Arab Emirates ($2,739 per ton) and Singapore ($2,811 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.8%), while the prices for the other major suppliers experienced a decline.

Zinc Exports in India

In 2022, approx. 337K tons of zinc were exported from India; with an increase of 32% compared with the year before. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.8% 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 +80.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 54%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, zinc exports soared to $1.4B in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Zinc in India (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Singapore	15.4	161	185	246.6%
Taiwan (Chinese)	87.6	75.5	131	22.3%
United Arab Emirates	34.2	33.0	111	80.2%
Thailand	33.3	16.8	78.1	53.1%
South Korea	113	51.8	70.7	-20.9%
Indonesia	22.0	12.0	56.5	60.3%
Nepal	45.6	30.9	42.0	-4.0%
Malaysia	10.0	222	34.5	85.7%
Vietnam	5.8	5.0	27.9	119.3%
China	90.1	16.5	17.5	-55.9%
Kenya	14.1	16.5	17.3	10.8%
Saudi Arabia	9.6	7.2	16.9	32.7%
Others	40.6	25.6	30.9	-12.8%
Total	521	674	820	25.5%

Top Export Markets for Zinc from India in 2022:

Singapore (59.6K tons)
Taiwan (Chinese) (40.0K tons)
United Arab Emirates (32.9K tons)
Thailand (24.6K tons)
South Korea (21.7K tons)
Indonesia (17.4K tons)
Nepal (13.7K tons)
Malaysia (10.8K tons)
Vietnam (8.8K tons)
China (5.5K tons)
Kenya (5.5K tons)
Saudi Arabia (5.0K tons)

Zinc Imports in India

In 2022, the amount of zinc imported into India stood at 156K tons, growing by 4.1% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.9%.

In value terms, zinc imports skyrocketed to $583M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Zinc in India (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
South Korea	293	239	305	2.0%
Japan	67.0	67.6	83.1	11.4%
United Arab Emirates	5.6	2.2	14.9	63.1%
Australia	22.5	8.0	14.3	-20.3%
Switzerland	2.8	2.7	11.2	100.0%
Myanmar	15.1	2.5	3.8	-49.8%
Others	48.3	16.1	23.6	-30.1%
Total	455	338	456	0.1%

Top Suppliers of Zinc to India in 2022:

South Korea (99.3K tons)
Japan (27.5K tons)
Australia (5.3K tons)
United Arab Emirates (4.7K tons)
Switzerland (3.6K tons)
Myanmar (1.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the zinc market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023