Ireland: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Ireland

The Irish zinc ores and concentrates market expanded significantly to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a significant increase. Zinc ores and concentrates consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Zinc Ores And Concentrates in Ireland

In value terms, zinc ores and concentrates production reached $X in 2022 estimated in export price. Overall, the total production indicated a noticeable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Zinc ores and concentrates production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Zinc Ores And Concentrates

Exports from Ireland

For the tenth consecutive year, Ireland recorded decline in overseas shipments of zinc ores and concentrates, which decreased by X% to X tons in 2022. In general, exports continue to indicate a abrupt decline. The smallest decline of X% was in 2018. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports rose sharply to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Finland (X tons) and Belgium (X tons) were the main destinations of zinc ores and concentrates exports from Ireland, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Finland ($X), Norway ($X) and Belgium ($X) appeared to be the largest markets for zinc ores and concentrates exported from Ireland worldwide.

In terms of the main countries of destination, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average zinc ores and concentrates export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 Finland ($X per ton), while the average price for exports to Norway ($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 Ireland

In 2022, the amount of zinc ores and concentrates imported into Ireland soared to X tons, jumping by X% on 2021. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, zinc ores and concentrates imports declined rapidly to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main zinc ores and concentrates supplier to Ireland, with a X% share of total imports. It was followed by the UK (X tons), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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