Poland: Zinc Market 2024

Zinc Market Size in Poland

In 2021, the Polish zinc market increased by 47% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a significant expansion. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Zinc Production in Poland

In value terms, zinc production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Zinc Exports

Exports from Poland

In 2021, shipments abroad of zinc was finally on the rise to reach X tons after six years of decline. Overall, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 62%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of zinc exports from Poland, together comprising 64% of total exports. Austria, Hungary, Belgium, Romania, Italy and Belarus lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and the Czech Republic ($X) appeared to be the largest markets for zinc exported from Poland worldwide, together comprising 64% of total exports. Austria, Hungary, Belgium, Romania, Italy and Belarus lagged somewhat behind, together accounting for a further 25%.

Belgium, with a CAGR of +23.9%, recorded the highest growth rate of the value of exports, in terms of 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 export price stood at $X per ton in 2021, picking up by 30% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Italy ($X per ton), while the average price for exports to Belgium ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Poland

In 2021, after two years of decline, there was significant growth in overseas purchases of zinc, when their volume increased by 37% to X tons. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc imports soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Finland (X tons) were the main suppliers of zinc imports to Poland, together accounting for 53% of total imports. These countries were followed by Sweden, Germany, Belgium, Slovakia, Bulgaria, France and the Czech Republic, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to Poland were Spain ($X), the Netherlands ($X) and Finland ($X), together comprising 54% of total imports. These countries were followed by Sweden, Germany, Belgium, Slovakia, Bulgaria, France and the Czech Republic, which together accounted for a further 39%.

Bulgaria, with a CAGR of +80.7%, 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 more modest paces of growth.

Import Prices by Country

The average zinc import price stood at $X per ton in 2021, with an increase of 19% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 40%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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