Africa: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Africa

The African zinc ores and concentrates market was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption, however, showed a abrupt decline. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Zinc Ores And Concentrates in Africa

In value terms, zinc ores and concentrates production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports in Africa

After five years of growth, shipments abroad of zinc ores and concentrates decreased by X% to X tons in 2022. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, zinc ores and concentrates exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, South Africa (X tons) was the largest exporter of zinc ores and concentrates, achieving X% of total exports. Eritrea (X tons) ranks second in terms of the total exports with a X% share, followed by Morocco (X%), Namibia (X%) and Burkina Faso (X%). Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to zinc ores and concentrates exports from South Africa stood at X%. At the same time, Burkina Faso (X.1%), Eritrea (X%), Nigeria (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Africa, with a CAGR of X.1% from 2012-2022. Namibia experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Africa, Eritrea and Burkina Faso increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest zinc ores and concentrates supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Eritrea ($X), with a X% share of total exports. It was followed by Namibia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Eritrea (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc ores and concentrates export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports in Africa

In 2022, approx. X tons of zinc ores and concentrates were imported in Africa; reducing by X% compared with the previous year's figure. Over the period under review, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc ores and concentrates imports dropped dramatically to $X in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Algeria was the largest importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Zambia (X tons), mixing up a X% share of total imports. Uganda (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to zinc ores and concentrates imports into Algeria stood at X%. At the same time, Uganda (X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. While the share of Zambia (X p.p.) and Uganda (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), Zambia ($X) and Uganda ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Uganda, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a slight downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uganda ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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