Report Update: Apr 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Zinc Price in Turkey - 2023

Zinc Price in Turkey (CIF) - 2023

In July 2023, the average zinc import price amounted to $2,583 per ton, shrinking by -2.7% against the previous month. In general, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in December 2022 an increase of 4.1% m-o-m. Over the period under review, average import prices attained the peak figure at $3,554 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Russia ($3,161 per ton) and Peru ($3,143 per ton), while the price for Iran ($2,403 per ton) and Belgium ($2,474 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Russia (-1.6%), while the prices for the other major suppliers experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Zinc Price in Turkey (FOB) - 2023

The average zinc export price stood at $2,650 per ton in July 2023, growing by 14% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 20% month-to-month. As a result, the export price reached the peak level of $3,484 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Algeria ($4,474 per ton), while the average price for exports to Malaysia ($2,287 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports in Turkey

In 2022, approx. 368K tons of zinc were imported into Turkey; growing by 18% against the previous year. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc imports soared to $1.3B in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Zinc in Turkey (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Spain	189	171	327	31.5%
Iran	161	138	249	24.4%
Uzbekistan	126	106	142	6.2%
Bulgaria	85.1	73.0	76.8	-5.0%
Italy	46.7	27.6	60.9	14.2%
Belgium	25.3	49.0	54.2	46.4%
Kazakhstan	2.0	47.0	22.5	235.4%
Peru	23.0	9.2	11.3	-29.9%
Others	36.7	29.2	62.6	30.6%
Total	695	650	1,006	20.3%

Top Suppliers of Zinc to Turkey in 2022:

Spain (105.4K tons)
Iran (82.8K tons)
Uzbekistan (48.3K tons)
Bulgaria (24.8K tons)
Belgium (24.7K tons)
Italy (20.6K tons)
Kazakhstan (6.6K tons)
Peru (3.9K tons)

Zinc Exports in Turkey

In 2022, approx. 2.2K tons of zinc were exported from Turkey; approximately reflecting the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% 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 +50.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, zinc exports expanded sharply to $7M in 2022. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 105%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Zinc in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Russia	N/A	N/A	1,501	0%
Israel	177	373	1,305	171.5%
Italy	899	1,012	1,089	10.1%
Romania	632	508	539	-7.7%
Uzbekistan	9.6	9.8	349	502.9%
Azerbaijan	1,111	526	287	-49.2%
Libya	208	169	274	14.8%
Serbia	205	N/A	237	7.5%
Egypt	30.3	58.0	198	155.6%
Georgia	87.2	66.8	145	29.0%
Morocco	25.8	N/A	142	134.6%
South Africa	N/A	N/A	141	0%
China	N/A	N/A	83.0	0%
Others	1,787	460	227	-64.4%
Total	5,172	3,183	6,515	12.2%

Top Export Markets for Zinc from Turkey in 2022:

Russia (499.1 tons)
Israel (452.0 tons)
Italy (375.6 tons)
Romania (165.2 tons)
Uzbekistan (101.2 tons)
Libya (88.9 tons)
Azerbaijan (87.6 tons)
Serbia (66.0 tons)
Egypt (65.7 tons)
South Africa (47.6 tons)
Georgia (43.7 tons)
Morocco (43.2 tons)
China (37.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the zinc market in Turkey. 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:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
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
Find deeper insights into current market developments
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