ASEAN: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in ASEAN

In 2022, the ASEAN unwrought zinc alloys market increased by 2.8% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +8.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Unwrought Zinc Alloys Production in ASEAN

In value terms, unwrought zinc alloys production declined slightly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.1% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports in ASEAN

In 2022, approx. X tons of unwrought zinc alloys were exported in ASEAN; surging by 13% against 2021 figures. Over the period under review, exports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 90% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporter of unwrought zinc alloys in ASEAN, with the volume of exports finishing at X tons, which was approx. 60% of total exports in 2022. Malaysia (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (12%), the Philippines (6.9%) and Singapore (4.9%).

Exports from Thailand decreased at an average annual rate of -4.8% from 2012 to 2022. At the same time, the Philippines (+68.2%), Malaysia (+20.9%) and Vietnam (+5.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +68.2% from 2012-2022. By contrast, Singapore (-4.5%) illustrated a downward trend over the same period. While the share of Malaysia (+12 p.p.), the Philippines (+6.9 p.p.) and Vietnam (+6.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-1.7 p.p.) and Thailand (-23.7 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest unwrought zinc alloys supplier in ASEAN, comprising 63% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled -2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+20.0% per year) and Vietnam (+9.6% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2015 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Unwrought Zinc Alloys Imports

Imports in ASEAN

After two years of decline, supplies from abroad of unwrought zinc alloys increased by 7.1% to X tons in 2022. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys imports rose remarkably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +28.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and Singapore (X tons) were the main importers of unwrought zinc alloys, together comprising 98% of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), together accounting for 75% of total imports.

Thailand, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, surging by 4.8% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys import price increased by +30.1% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by 28% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform