Vietnam: Zinc Market 2024

Zinc Market Size in Vietnam

In 2022, after two years of growth, there was significant decline in the Vietnamese zinc market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a strong increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Zinc Production in Vietnam

In value terms, zinc production dropped to $X in 2022 estimated in export price. Overall, production faced a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Zinc production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Zinc Exports

Exports from Vietnam

In 2022, zinc exports from Vietnam skyrocketed to X tons, growing by X% on the previous year. Overall, exports, however, saw a precipitous descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc exports surged to $X in 2022. Over the period under review, exports, however, showed a precipitous decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of zinc exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for zinc exported from Vietnam were Thailand ($X), India ($X) and Indonesia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated tangible growth 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 export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Thailand ($X per ton), while the average price for exports to Argentina ($X per ton) and India ($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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Vietnam

In 2022, supplies from abroad of unwrought zinc decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, zinc imports declined modestly to $X in 2022. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of zinc to Vietnam, with a X% share of total imports. Moreover, zinc imports from South Korea exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of unwrought zinc to Vietnam, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a resilient 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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