Chile: Zinc Oxide Market 2024

Zinc Oxide Market Size in Chile

In 2023, after two years of growth, there was significant decline in the Chilean zinc oxide market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a moderate increase. Zinc oxide consumption peaked at $X in 2022, and then reduced dramatically in the following year.

Zinc Oxide Exports

Exports from Chile

Zinc oxide exports from Chile dropped remarkably to X tons in 2023, waning by X% against the previous year. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, zinc oxide exports declined remarkably to $X in 2023. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Argentina (X tons) was the main destination for zinc oxide exports from Chile, with a X% share of total exports. Moreover, zinc oxide exports to Argentina exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Brazil (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for zinc oxide and zinc peroxide exports from Chile, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the average zinc oxide export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Chile

Zinc oxide imports into Chile shrank dramatically to X tons in 2023, waning by X% on the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, zinc oxide imports fell dramatically to $X in 2023. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell remarkably in the following year.

Imports by Country

In 2023, Mexico (X tons) constituted the largest supplier of zinc oxide to Chile, accounting for a X% share of total imports. Moreover, zinc oxide imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Mexico totaled X%.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Mexico totaled X%.

Import Prices by Country

In 2023, the average zinc oxide import price amounted to $X per ton, reducing by X% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zinc oxide import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Mexico amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%).

Source: IndexBox Platform