Southern Asia: Zinc Market 2024

Zinc Market Size in Southern Asia

In 2021, the South Asian zinc market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Zinc Production in Southern Asia

In value terms, zinc production rose rapidly to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 -16.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 71%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Zinc Exports

Exports in Southern Asia

Zinc exports shrank to X tons in 2021, falling by -11.4% compared with 2020. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 113% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), together recording 100% of total export.

India was also the fastest-growing in terms of the zinc exports, with a CAGR of +2.2% from 2012 to 2021. While the share of India (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest zinc supplier in Southern Asia.

In India, zinc exports increased at an average annual rate of +6.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, picking up by 37% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.7% per year.

Zinc Imports

Imports in Southern Asia

In 2021, purchases abroad of zinc increased by 6.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.1% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 56%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, zinc imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India was the main importer of zinc in Southern Asia, with the volume of imports finishing at X tons, which was approx. 62% of total imports in 2021. Bangladesh (X tons) ranks second in terms of the total imports with a 22% share, followed by Pakistan (9.1%) and Nepal (6.2%).

From 2012 to 2021, average annual rates of growth with regard to zinc imports into India stood at +6.3%. At the same time, Pakistan (+16.3%), Nepal (+5.8%) and Bangladesh (+1.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.3% from 2012-2021. While the share of Pakistan (+5.4 p.p.) and India (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-9.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported zinc in Southern Asia, comprising 62% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 22% share of total imports. It was followed by Pakistan, with a 9.2% share.

In India, zinc imports expanded at an average annual rate of +10.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+5.0% per year) and Pakistan (+21.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with an increase of 25% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the import price increased by 38% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Nepal ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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