Pakistan: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Pakistan

In 2022, the Pakistani zinc ores and concentrates market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, faced a abrupt descent. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Zinc Ores And Concentrates in Pakistan

In value terms, zinc ores and concentrates production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Zinc ores and concentrates production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports from Pakistan

For the fifth consecutive year, Pakistan recorded growth in shipments abroad of zinc ores and concentrates, which increased by X% to X tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, zinc ores and concentrates exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for zinc ores and concentrates exports from Pakistan, accounting for a X% share of total exports. Moreover, zinc ores and concentrates exports to China exceeded the volume sent to the second major destination, South Korea (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%.

In value terms, China ($X) and South Korea ($X) constituted the largest markets for zinc ores and concentrates exported from Pakistan worldwide.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average zinc ores and concentrates export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated modest 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. The pace of growth was the most pronounced in 2016 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 see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%).

Imports of Zinc Ores And Concentrates

Imports into Pakistan

In 2022, approx. X tons of zinc ores and concentrates were imported into Pakistan; with an increase of X% on the previous year. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc ores and concentrates imports soared to $X in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of zinc ores and concentrates to Pakistan, accounting for a X% share of total imports. Moreover, zinc ores and concentrates imports from Malaysia exceeded the figures recorded by the second-largest supplier, Iran (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with less than X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest zinc ores and concentrates suppliers to Pakistan were Malaysia ($X), Iran ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average zinc ores and concentrates import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a deep contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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