Asia-Pacific: Zinc Oxide Market 2024

Zinc Oxide Market Size in Asia-Pacific

The Asia-Pacific zinc oxide market fell to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Zinc Oxide Production in Asia-Pacific

In value terms, zinc oxide production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Zinc Oxide Exports

Exports in Asia-Pacific

In 2022, approx. X tons of zinc oxide and zinc peroxide were exported in Asia-Pacific; waning by X% compared with 2021 figures. Total exports indicated a pronounced increase 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 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, zinc oxide exports expanded to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total exports in 2022. Vietnam (X tons) ranks next in terms of the total exports with a X% share, followed by China (X%), India (X%), Thailand (X%), the Philippines (X%) and Pakistan (X%).

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

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Vietnam, India, Thailand, Pakistan and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, 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 Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a notable 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 oxide export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Zinc Oxide Imports

Imports in Asia-Pacific

In 2022, the amount of zinc oxide and zinc peroxide imported in Asia-Pacific fell markedly to X tons, shrinking by X% on 2021 figures. Overall, imports showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports contracted to $X in 2022. Total imports indicated resilient 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 pace of growth was the most pronounced 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 dropped in the following year.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Taiwan (Chinese) (X tons), Thailand (X tons), Japan (X tons), China (X tons), the Philippines (X tons), Singapore (X tons) and Malaysia (X tons) were the main importers of zinc oxide and zinc peroxide, together mixing up X% of total imports. The following importers - India (X tons), Australia (X tons), Sri Lanka (X tons), Indonesia (X tons) and South Korea (X tons) - together made up X% of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), Australia (X%), Sri Lanka (X%), the Philippines (X%), Malaysia (X%), South Korea (X%), Singapore (X%) and India (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Japan (X%), China (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Taiwan (Chinese) (X p.p.), the Philippines (X p.p.), Australia (X p.p.), Malaysia (X p.p.), Sri Lanka (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while China 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, the largest zinc oxide importing markets in Asia-Pacific were Vietnam ($X), Japan ($X) and Thailand ($X), together accounting for X% of total imports. China, India, Singapore, Taiwan (Chinese), the Philippines, Australia, Malaysia, Sri Lanka, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a strong 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 oxide import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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