Central Asia: Zinc Market 2024

Zinc Market Size in Central Asia

After two years of decline, the Central Asian zinc market increased by 30% to $X in 2021. Overall, consumption enjoyed temperate growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Zinc Production in Central Asia

In value terms, zinc production amounted to $X in 2021 estimated in export price. Overall, production enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 75% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Zinc Exports

Exports in Central Asia

In 2021, overseas shipments of zinc decreased by -7.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 74%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, zinc exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 91%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan was the main exporting country with an export of around X tons, which finished at 80% of total exports. It was distantly followed by Uzbekistan (X tons), committing a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to zinc exports from Kazakhstan stood at -7.9%. At the same time, Uzbekistan (+1.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +1.3% from 2012-2021. Uzbekistan (+20 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -19.9% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest zinc supplier in Central Asia, comprising 80% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total exports.

In Kazakhstan, zinc exports plunged by an average annual rate of -2.8% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 40% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 export price increased by 51%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%).

Zinc Imports

Imports in Central Asia

In 2021, supplies from abroad of zinc decreased by -90.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 493%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, zinc imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 when imports increased by 658%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of zinc imports in 2021 were Uzbekistan (X tons) and Kazakhstan (X tons), together accounting for 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +188.0%).

In value terms, Uzbekistan ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, Uzbekistan, with a CAGR of +191.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, increasing by 43% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :