Asia: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Asia

In 2022, the Asian zinc ores and concentrates market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a remarkable increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Zinc Ores And Concentrates in Asia

In value terms, zinc ores and concentrates production reached $X in 2022 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Zinc Ores And Concentrates

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of zinc ores and concentrates, which increased by X% to X tons in 2022. Total exports indicated notable 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, zinc ores and concentrates exports soared to $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Kazakhstan (X tons), Tajikistan (X tons) and Iran (X tons), together committing a X% share of total exports. Saudi Arabia (X tons), Indonesia (X tons) and India (X tons) took a minor share of total exports.

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

In value terms, the largest zinc ores and concentrates supplying countries in Asia were Turkey ($X), Kazakhstan ($X) and Tajikistan ($X), with a combined X% share of total exports. Saudi Arabia, Indonesia, Iran and India lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Tajikistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Zinc Ores And Concentrates

Imports in Asia

In 2022, imports of zinc ores and concentrates in Asia rose slightly to X tons, growing by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, zinc ores and concentrates imports rose sharply to $X in 2022. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

China represented the largest importing country with an import of around X tons, which finished at X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Uzbekistan (X tons) took a little share of total imports.

China was also the fastest-growing in terms of the zinc ores and concentrates imports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Japan and South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Uzbekistan increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported zinc ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a strong 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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