Report Update Apr 1, 2024

Sri Lanka - Zinc - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Zinc Market 2024

Zinc Market Size in Sri Lanka

In 2021, after two years of growth, there was decline in the Sri Lankan zinc market, when its value decreased by -2.3% to $X. In general, consumption, however, posted a pronounced increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Zinc Exports

Exports from Sri Lanka

In 2021, shipments abroad of zinc increased by 18% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 68% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc exports soared to $X in 2021. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 66%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for zinc exports from Sri Lanka, accounting for a 790% share of total exports. Moreover, zinc exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +12.4%.

In value terms, India ($X) remains the key foreign market for zinc exports from Sri Lanka, comprising 986% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 115% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at +14.8%.

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 1.3%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Zinc Imports

Imports into Sri Lanka

After two years of growth, overseas purchases of zinc decreased by -20.2% to X tons in 2021. In general, imports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 99%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, zinc imports rose remarkably to $X in 2021. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 158% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and South Korea (X tons) were the main suppliers of zinc imports to Sri Lanka, together accounting for 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +69.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to Sri Lanka were India ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising 90% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +63.3%, saw the highest growth rate of the value of imports, 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, surging by 36% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and South Korea ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zinc in the world?

The country with the largest volume of zinc consumption was China, accounting for 32% of total volume. Moreover, zinc consumption in China exceeded the figures recorded by the second-largest consumer, Peru, fourfold. The third position in this ranking was held by the United States, with an 8.8% share.

What are the largest producers of zinc in the world?

China constituted the country with the largest volume of zinc production, accounting for 29% of total volume. Moreover, zinc production in China exceeded the figures recorded by the second-largest producer, Peru, threefold. Australia ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of zinc to Sri Lanka?

In value terms, India, Taiwan Chinese) and South Korea were the largest zinc suppliers to Sri Lanka, together comprising 90% of total imports.

What are the leading importers of zinc from Sri Lanka?

In value terms, India remains the key foreign market for zinc exports from Sri Lanka, comprising 986% of total exports. The second position in the ranking was taken by Malaysia, with an 115% share of total exports.

What is the average export price for zinc in Sri Lanka?

In 2021, the average zinc export price amounted to $1,980 per ton, standing approx. at the previous year.

What is the average import price for zinc in Sri Lanka?

The average zinc import price stood at $3,057 per ton in 2021, growing by 36% against the previous year.

This report provides an in-depth analysis of the zinc market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023