ASEAN: Zinc Market 2024

Zinc Market Size in ASEAN

In 2022, after two years of growth, there was significant decline in the ASEAN zinc market, when its value decreased by X% to $X. The total consumption indicated a pronounced expansion from 2012 to 2022: its value 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. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Zinc Production in ASEAN

In value terms, zinc production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The growth pace was the most rapid 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.

Zinc Exports

Exports in ASEAN

In 2022, shipments abroad of unwrought zinc increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc exports surged to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore was the key exporter of unwrought zinc in ASEAN, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with an X% share, followed by Myanmar (X%). Thailand (X tons) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest zinc supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

In Singapore, zinc exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, falling by X% against the previous year. Export price indicated moderate growth 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 export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Myanmar ($X per ton) and Thailand ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Zinc Imports

Imports in ASEAN

In 2022, purchases abroad of unwrought zinc decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Malaysia (X tons), generating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), together comprising X% of total imports. Singapore and Malaysia lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a prominent increase 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Indonesia ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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