Italy: Zinc Oxide Market 2024

Zinc Oxide Market Size in Italy

In 2023, the Italian zinc oxide market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. Zinc oxide consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Zinc Oxide Production in Italy

In value terms, zinc oxide production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted modestly in the following year.

Zinc Oxide Exports

Exports from Italy

In 2023, overseas shipments of zinc oxide and zinc peroxide increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, zinc oxide exports fell modestly to $X in 2023. Overall, total exports indicated noticeable growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Romania (X tons), Spain (X tons) and France (X tons) were the main destinations of zinc oxide exports from Italy, together accounting for X% of total exports. Poland, Germany, Mexico, Egypt, the UK and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), France ($X) and Spain ($X) constituted the largest markets for zinc oxide exported from Italy worldwide, with a combined X% share of total exports. Poland, Germany, Mexico, Egypt, the UK and Turkey lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average zinc oxide export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2023: its price 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, zinc oxide export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Mexico ($X per ton), while the average price for exports to Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Zinc Oxide Imports

Imports into Italy

In 2023, approx. X tons of zinc oxide and zinc peroxide were imported into Italy; which is down by X% compared with the previous year's figure. Over the period under review, imports recorded a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports fell rapidly to $X in 2023. In general, total imports indicated a tangible increase from 2012 to 2023: its value 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. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of zinc oxide imports to Italy, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc oxide suppliers to Italy were Belgium ($X), the Netherlands ($X) and Mexico ($X), together comprising X% of total imports.

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

Import Prices by Country

The average zinc oxide import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2023: its price 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, zinc oxide import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform