Southern Asia: Zinc Oxide Market 2024

Zinc Oxide Market Size in Southern Asia

The South Asian zinc oxide market amounted to $X in 2023, growing by X% against the previous year. In general, consumption saw modest growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Zinc Oxide Production in Southern Asia

In value terms, zinc oxide production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production showed 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 reached the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Zinc Oxide Exports

Exports in Southern Asia

In 2023, shipments abroad of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, zinc oxide exports dropped sharply to $X in 2023. Total exports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

India was the key exporter of zinc oxide and zinc peroxide in Southern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Pakistan (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons) and Sri Lanka (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to zinc oxide exports from India stood at X%. At the same time, Pakistan (X%), Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. Pakistan (X p.p.), Bangladesh (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest zinc oxide supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports. It was followed by Sri Lanka, with an X% share.

In India, zinc oxide exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Zinc Oxide Imports

Imports in Southern Asia

In 2023, approx. X tons of zinc oxide and zinc peroxide were imported in Southern Asia; increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports rose notably to $X in 2023. Total imports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

India (X tons) and Sri Lanka (X tons) represented roughly X% of total imports in 2023. Bangladesh (X tons) ranks next in terms of the total imports with a X% share, followed by Pakistan (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zinc oxide import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in India ($X per ton) and Sri Lanka ($X per ton), while Pakistan ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform