Asia-Pacific: Zinc Powder Market 2024

Zinc Powder Market Size in Asia-Pacific

The Asia-Pacific zinc powder market amounted to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, recorded a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Zinc Powder Production in Asia-Pacific

In value terms, zinc powder production stood at $X in 2022 estimated in export price. In general, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Zinc Powder Exports

Exports in Asia-Pacific

In 2022, shipments abroad of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Total exports indicated a measured 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, zinc powder exports skyrocketed to $X in 2022. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets), namely Thailand, the Philippines and South Korea, represented more than two-thirds of total export. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and India (X%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest zinc powder supplying countries in Asia-Pacific were South Korea ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. India, Indonesia, Japan and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated a temperate 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 powder 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Zinc Powder Imports

Imports in Asia-Pacific

In 2022, overseas purchases of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Total imports indicated buoyant growth 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 increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, zinc powder imports dropped slightly to $X in 2022. Total imports indicated buoyant growth 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Thailand represented the major importer of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by China (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Singapore (X tons) and India (X tons). All these countries together took approx. X% share of total imports.

Thailand was also the fastest-growing in terms of the zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%), Taiwan (Chinese) (X%), India (X%), Indonesia (X%) and China (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while India, Taiwan (Chinese), Indonesia, China and Singapore saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest zinc powder importing markets in Asia-Pacific were China ($X), Japan ($X) and Thailand ($X), together comprising X% of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Asia-Pacific stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform