Africa: Zinc Oxide Market 2024

Zinc Oxide Market Size in Africa

The African zinc oxide market contracted slightly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Zinc Oxide Production in Africa

In value terms, zinc oxide production dropped to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Zinc Oxide Exports

Exports in Africa

In 2022, shipments abroad of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zinc oxide exports soared to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia represented the largest exporter of zinc oxide and zinc peroxide in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Morocco (X tons), Algeria (X tons), South Africa (X tons), Egypt (X tons) and Nigeria (X tons), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to zinc oxide exports from Zambia stood at X%. At the same time, Nigeria (X%), Algeria (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia, Algeria, Nigeria and Egypt increased by X, X, X and X percentage points, respectively.

In value terms, the largest zinc oxide supplying countries in Africa were Morocco ($X), Egypt ($X) and South Africa ($X), together accounting for X% of total exports. Zambia, Algeria and Nigeria lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

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

Zinc Oxide Imports

Imports in Africa

In 2022, approx. X tons of zinc oxide and zinc peroxide were imported in Africa; increasing by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, zinc oxide imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Egypt represented the largest importer of zinc oxide and zinc peroxide in Africa, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. South Africa (X tons) took the second position in the ranking, distantly followed by Morocco (X tons), Nigeria (X tons), Tunisia (X tons) and Algeria (X tons). All these countries together took near X% share of total imports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to zinc oxide imports into Egypt stood at X%. At the same time, Algeria (X%), South Africa (X%), Kenya (X%), Nigeria (X%), Morocco (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Algeria, Nigeria, Morocco and Kenya increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported zinc oxide and zinc peroxide in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt was relatively modest. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Tunisia ($X per ton), while South Africa ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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