India: Zinc Powder Market 2024

Zinc Powder Market Size in India

The Indian zinc powder market contracted modestly to $X in 2022, standing approx. at the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Zinc Powder Production in India

In value terms, zinc powder production contracted slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Zinc powder production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Zinc Powder Exports

Exports from India

In 2022, the amount of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) exported from India soared to X tons, growing by X% on 2021. In general, total exports indicated moderate growth 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. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, zinc powder exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Canada (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main destinations of zinc powder exports from India, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc powder exported from India were Canada ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Canada, with a CAGR of X.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average zinc powder export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price 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. Based on 2022 figures, zinc powder export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Powder Imports

Imports into India

Zinc powder imports into India amounted to X tons in 2022, surging by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, zinc powder imports soared to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of zinc powder imports to India, together accounting for X% of total imports. Oman, Saudi Arabia, Taiwan (Chinese), Thailand, the Netherlands, New Zealand and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and the United States ($X) were the largest zinc powder suppliers to India, with a combined X% share of total imports. Oman, Taiwan (Chinese), Thailand, Saudi Arabia, the Netherlands, New Zealand and Belgium lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zinc powder import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform