Peru: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Peru

The Peruvian zinc ores and concentrates market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed notable growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Zinc Ores And Concentrates in Peru

In value terms, zinc ores and concentrates production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports from Peru

In 2022, exports of zinc ores and concentrates from Peru fell notably to X tons, dropping by X% on 2021 figures. In general, exports saw a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc ores and concentrates exports contracted to $X in 2022. Over the period under review, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Spain (X tons) were the main destinations of zinc ores and concentrates exports from Peru, together accounting for X% of total exports. Brazil, Japan, Belgium and Canada lagged somewhat behind, together comprising a further X%.

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%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc ores and concentrates exported from Peru were China ($X), South Korea ($X) and Spain ($X), together comprising X% of total exports. Brazil, Japan, Belgium and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Canada, 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 more modest paces of growth.

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated strong 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Canada ($X per ton), while the average price for exports to South Korea ($X per ton) and Spain ($X per ton) were 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.

Imports of Zinc Ores And Concentrates

Imports into Peru

In 2022, the amount of zinc ores and concentrates imported into Peru declined to X tons, waning by X% compared with 2021 figures. Overall, imports recorded a perceptible descent. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports fell modestly to $X in 2022. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest zinc ores and concentrates supplier to Peru, with a X% share of total imports. Moreover, zinc ores and concentrates imports from the United States exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (X% per year) and Brazil (X% per year).

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

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

Import Prices by Country

In 2022, the average zinc ores and concentrates import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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