Latin America and the Caribbean: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Latin America and the Caribbean

After five years of growth, the Latin American zinc ores and concentrates market decreased by X% to $X in 2022. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Production of Zinc Ores And Concentrates in Latin America and the Caribbean

In value terms, zinc ores and concentrates production declined to $X in 2022 estimated in export price. The total production indicated measured growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Zinc Ores And Concentrates

Exports in Latin America and the Caribbean

In 2022, shipments abroad of zinc ores and concentrates was finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports stood at $X in 2022. Total exports indicated strong growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Peru (X tons) was the key exporter of zinc ores and concentrates, committing X% of total exports. Bolivia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%). Cuba (X tons), Honduras (X tons) and Chile (X tons) took a minor share of total exports.

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

In value terms, Bolivia ($X), Peru ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Cuba, Chile and Honduras lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Cuba, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Bolivia ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Imports of Zinc Ores And Concentrates

Imports in Latin America and the Caribbean

In 2022, approx. X tons of zinc ores and concentrates were imported in Latin America and the Caribbean; reducing by X% on 2021 figures. Overall, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, zinc ores and concentrates imports soared to $X in 2022. In general, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Mexico (X tons), constituting a X% share of total imports. Peru (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of zinc ores and concentrates. Mexico (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported zinc ores and concentrates in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports.

In Brazil, zinc ores and concentrates imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated buoyant growth 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 ores and concentrates import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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