Eastern Asia: Zinc Powder Market 2024

Zinc Powder Market Size in Eastern Asia

The East Asian zinc powder market fell modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a slight slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Zinc Powder Production in Eastern Asia

In value terms, zinc powder production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Zinc Powder Exports

Exports in Eastern Asia

Zinc powder exports declined slightly to X tons in 2022, which is down by X% on 2021. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zinc powder exports rose rapidly to $X in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

South Korea was the largest exporting country with an export of about X tons, which finished at X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). China (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

Exports from South Korea decreased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and China (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.), Japan (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest zinc powder supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Zinc Powder Imports

Imports in Eastern Asia

In 2022, zinc powder imports in Eastern Asia shrank notably to X tons, waning by X% compared with the previous year. Total imports indicated a notable increase 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. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, zinc powder imports fell to $X in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets), namely Japan, China and Taiwan (Chinese), represented more than two-thirds of total import. It was distantly followed by South Korea (X tons), making up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc powder importing markets in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform