Asia-Pacific: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Asia-Pacific

The Asia-Pacific zinc ores and concentrates market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Zinc Ores And Concentrates in Asia-Pacific

In value terms, zinc ores and concentrates production soared to $X in 2021 estimated in export price. Overall, production, however, saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 57% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Zinc Ores And Concentrates

Exports in Asia-Pacific

In 2021, overseas shipments of zinc ores and concentrates decreased by -5.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 16%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports surged to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 45%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) represented roughly 94% of total exports in 2021.

Australia was also the fastest-growing in terms of the zinc ores and concentrates exports, with a CAGR of -2.0% from 2012 to 2021. Australia (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest zinc ores and concentrates supplier in Asia-Pacific.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +4.0%.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 51% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +6.2% per year.

Imports of Zinc Ores And Concentrates

Imports in Asia-Pacific

In 2021, imports of zinc ores and concentrates in Asia-Pacific shrank to X tons, which is down by -2.3% compared with the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell slightly in the following year.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China represented the major importer of zinc ores and concentrates in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. 55% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 27% share, followed by Japan (14%). Australia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the zinc ores and concentrates imports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Australia (+3.4%) displayed positive paces of growth. South Korea and Japan experienced a relatively flat trend pattern. While the share of China (+18 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-4.6 p.p.) and South Korea (-8.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 95% share of total imports.

China, with a CAGR of +13.7%, saw 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 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 60% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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