ASEAN: Zinc Oxide Market 2024

Zinc Oxide Market Size in ASEAN

The ASEAN zinc oxide market declined to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zinc Oxide Production in ASEAN

In value terms, zinc oxide production shrank slightly to $X in 2022 estimated in export price. The total production indicated a slight 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Zinc Oxide Exports

Exports in ASEAN

In 2022, shipments abroad of zinc oxide and zinc peroxide decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, zinc oxide exports reached $X in 2022. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Vietnam (X tons), Thailand (X tons) and the Philippines (X tons) was the largest exporter of zinc oxide and zinc peroxide in ASEAN, creating X% of total export. Indonesia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Singapore (X%). Myanmar (X tons) took a relatively small share of total exports.

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

In value terms, the largest zinc oxide supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total exports. Malaysia, the Philippines, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, saw 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 export price in ASEAN amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Indonesia ($X per ton), while Singapore ($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 (X%), while the other leaders experienced more modest paces of growth.

Zinc Oxide Imports

Imports in ASEAN

In 2022, the amount of zinc oxide and zinc peroxide imported in ASEAN shrank to X tons, waning by X% compared with the previous year. 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 most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, zinc oxide imports shrank to $X in 2022. Total imports 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Vietnam was the major importer of zinc oxide and zinc peroxide in ASEAN, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X tons), the Philippines (X tons), Singapore (X tons), Malaysia (X tons) and Indonesia (X tons), together achieving a X% share of total imports.

Vietnam was also the fastest-growing in terms of the zinc oxide and zinc peroxide imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Indonesia 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, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform