U.S.: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in the U.S.

The U.S. zinc ores and concentrates market reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a noticeable curtailment. Zinc ores and concentrates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Zinc Ores And Concentrates in the U.S.

In value terms, zinc ores and concentrates production reduced slightly to $X in 2022. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports from the U.S.

In 2022, exports of zinc ores and concentrates from the United States fell slightly to X tons, standing approx. at 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports expanded markedly to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X tons) was the main destination for zinc ores and concentrates exports from the United States, with a X% share of total exports. Moreover, zinc ores and concentrates exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Spain (X% per year).

In value terms, Canada ($X) remains the key foreign market for zinc ores and concentrates exports from the United States, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Spain (X% per year).

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a prominent increase 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 growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Japan ($X per ton), while the average price for exports to Finland ($X per ton) and Australia ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports into the U.S.

After two years of growth, purchases abroad of zinc ores and concentrates decreased by X% to X tons in 2022. In general, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc ores and concentrates imports shrank remarkably to $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Peru (X tons), Canada (X tons) and China (X tons) were the main suppliers of zinc ores and concentrates imports to the United States.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X.6%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average zinc ores and concentrates import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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