Global Zinc Market 2024

Zinc Market Size

In 2022, the global zinc market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Zinc Production

In value terms, zinc production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Zinc Exports

Exports

In 2022, overseas shipments of unwrought zinc decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the global exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc exports soared to $X in 2022. In general, total exports indicated a perceptible increase 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 pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from South Korea (X tons), the Netherlands (X tons), Canada (X tons), India (X tons), Belgium (X tons), Peru (X tons), Finland (X tons), Kazakhstan (X tons), Spain (X tons), Australia (X tons), Singapore (X tons) and Norway (X tons), together finishing at X% of total export. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest zinc supplying countries worldwide were South Korea ($X), the Netherlands ($X) and Canada ($X), with a combined X% share of global exports. India, Belgium, Peru, Finland, Australia, Kazakhstan, Spain, Norway, Singapore and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Singapore, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average zinc export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, export price indicated a resilient expansion 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. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other global leaders experienced more modest paces of growth.

Zinc Imports

Imports

Global zinc imports contracted slightly to X tons in 2022, falling by X% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, zinc imports expanded remarkably to $X in 2022. Overall, total imports indicated buoyant 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by Turkey (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Taiwan (Chinese) (X tons) and Italy (X tons) represented the largest importers of unwrought zinc, together comprising X% of total imports. The following importers - India (X tons), Thailand (X tons), Vietnam (X tons), the United Arab Emirates (X tons), France (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to zinc imports into the United States stood at X%. At the same time, Thailand (X%), the United Arab Emirates (X%), Vietnam (X%), India (X%), Turkey (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, France (X%), Indonesia (X%), Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Thailand (X p.p.), the Netherlands (X p.p.), the United Arab Emirates (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the global imports, while Belgium and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported unwrought zinc worldwide, comprising X% of global imports. The second position in the ranking was taken by Turkey ($X), with an X% share of global imports. It was followed by Germany, with a X% share.

In the United States, zinc imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average zinc import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a buoyant expansion 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 most prominent rate of growth was recorded in 2017 an increase of X%. Global import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and Vietnam ($X per ton), while the United Arab Emirates ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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