Australia: Zinc Market 2024

Zinc Market Size in Australia

In 2021, after two years of decline, there was significant growth in the Australian zinc market, when its value increased by 31% to $X. In general, consumption, however, recorded a abrupt descent. Zinc consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Zinc Production in Australia

In value terms, zinc production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Zinc production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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Zinc Exports

Exports from Australia

Zinc exports from Australia reduced to X tons in 2021, waning by -12.9% on the year before. Over the period under review, exports saw a slight reduction. The growth pace was the most rapid in 2020 with an increase of 22%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, zinc exports soared to $X in 2021. In general, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of zinc exports from Australia, with a combined 57% share of total exports. These countries were followed by Indonesia, Thailand, Hong Kong SAR, the United Arab Emirates, Malaysia, South Korea, Bangladesh, India, Kenya and the United States, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +41.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) constituted the largest markets for zinc exported from Australia worldwide, together comprising 61% of total exports. These countries were followed by Indonesia, Thailand, Hong Kong SAR, the United Arab Emirates, Malaysia, Bangladesh, India, Kenya, South Korea and the United States, which together accounted for a further 33%.

Kenya, with a CAGR of +37.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, surging by 36% against the previous year. In general, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Australia

In 2021, purchases abroad of zinc increased by 21% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 343% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, zinc imports soared to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 415% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, South Korea (X tons) was the main zinc supplier to Australia, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +24.5%.

In value terms, South Korea ($X) constituted the largest supplier of zinc to Australia.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +29.3%.

Import Prices by Country

In 2021, the average zinc import price amounted to $X per ton, picking up by 29% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 32%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +3.9% per year.

Source: IndexBox Platform

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