Overview of the Global Market for Zinc Ores And Concentrates

Market Size for Zinc Ores And Concentrates

For the third consecutive year, the global zinc ores and concentrates market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a strong 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, consumption increased by X% against 2019 indices. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Zinc Ores And Concentrates

In value terms, zinc ores and concentrates production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated tangible 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, production decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, global production growth failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports

In 2022, the amount of zinc ores and concentrates exported worldwide declined modestly to X tons, standing approx. at the previous year. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The global exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports expanded significantly to $X in 2022. Over the period under review, total exports indicated prominent 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 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 attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Australia (X tons), followed by Peru (X tons), Turkey (X tons), Bolivia (X tons), the United States (X tons), Belgium (X tons) and South Africa (X tons) represented the major exporters of zinc ores and concentrates, together mixing up X% of total exports. The following exporters - Sweden (X tons), Portugal (X tons), Kazakhstan (X tons), Russia (X tons), Mexico (X tons) and Eritrea (X tons) - together made up X% of total exports.

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

In value terms, Australia ($X), Bolivia ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Peru, Sweden, Belgium, Turkey, South Africa, Mexico, Portugal, Kazakhstan, Russia and Eritrea lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 ores and concentrates export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a remarkable 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 when the average export price increased by X%. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Imports of Zinc Ores And Concentrates

Imports

In 2022, approx. X tons of zinc ores and concentrates were imported worldwide; which is down by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, zinc ores and concentrates imports rose notably to $X in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China represented the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by South Korea (X tons), Belgium (X tons), Spain (X tons), Japan (X tons), Canada (X tons) and Finland (X tons), together mixing up a X% share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Finland, Japan and South Korea experienced a relatively flat trend pattern. By contrast, Spain (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Canada increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported zinc ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was held by South Korea ($X), with a X% share of global imports. It was followed by Spain, with an X% share.

In China, zinc ores and concentrates 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: South Korea (X% per year) and Spain (X% per year).

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, 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 ores and concentrates import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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