Chile: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Chile

In 2022, after two years of decline, there was significant growth in the Chilean zinc ores and concentrates market, when its value increased by X% to $X. Over the period under review, consumption posted a perceptible increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Zinc Ores And Concentrates in Chile

In value terms, zinc ores and concentrates production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Zinc ores and concentrates production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Zinc Ores And Concentrates

Exports from Chile

In 2022, after two years of growth, there was significant decline in overseas shipments of zinc ores and concentrates, when their volume decreased by X% to X tons. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports shrank notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for zinc ores and concentrates exports from Chile, with a X% share of total exports. Moreover, zinc ores and concentrates exports to Australia exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, Australia ($X) remains the key foreign market for zinc ores and concentrates exports from Chile, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Finland (X% per year).

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports into Chile

Zinc ores and concentrates imports into Chile reduced sharply to X kg in 2022, which is down by X% on the previous year's figure. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2014 when imports increased by X,400%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc ores and concentrates imports declined remarkably to $X in 2022. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bolivia (X kg) was the main zinc ores and concentrates supplier to Chile, with a X% share of total imports. Moreover, zinc ores and concentrates imports from Bolivia exceeded the figures recorded by the second-largest supplier, Peru (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Bolivia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Canada (X% per year).

In value terms, Bolivia ($X) constituted the largest supplier of zinc ores and concentrates to Chile, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bolivia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average zinc ores and concentrates import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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