Asia: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in Asia

In 2022, the Asian unwrought zinc alloys market increased by 1.1% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +3.3% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Unwrought Zinc Alloys Production in Asia

In value terms, unwrought zinc alloys production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Unwrought Zinc Alloys Exports

Exports in Asia

In 2022, exports of unwrought zinc alloys in Asia fell dramatically to X tons, reducing by -20% compared with 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys exports fell to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Korea (X tons) represented the largest exporter of unwrought zinc alloys, achieving 48% of total exports. Japan (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (11%), Kazakhstan (10%), Uzbekistan (5.1%) and Taiwan (Chinese) (4.9%). Thailand (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Uzbekistan (+94.7%), Kazakhstan (+18.4%) and Japan (+4.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +94.7% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Thailand (-4.8%) and Hong Kong SAR (-13.1%) illustrated a downward trend over the same period. South Korea (+12 p.p.), Kazakhstan (+8.4 p.p.), Uzbekistan (+5.1 p.p.) and Japan (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -31.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest unwrought zinc alloys supplier in Asia, comprising 51% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with an 11% share.

In South Korea, unwrought zinc alloys exports increased at an average annual rate of +8.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+9.4% per year) and Hong Kong SAR (-8.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 17% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 export price increased by +45.7% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 27% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and Kazakhstan ($X per ton), while Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Unwrought Zinc Alloys Imports

Imports in Asia

In 2022, imports of unwrought zinc alloys in Asia plummeted to X tons, reducing by -16.7% on the previous year's figure. Over the period under review, imports showed a perceptible descent. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys imports declined to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +19.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Vietnam (X tons) were the main importers of unwrought zinc alloys in 2022, resulting at near 22% and 16% of total imports, respectively. Thailand (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons), Malaysia (X tons), Indonesia (X tons), India (X tons), Hong Kong SAR (X tons) and Turkey (X tons). All these countries together held near 52% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +21.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys importing markets in Asia were China ($X), Vietnam ($X) and Thailand ($X), with a combined 47% share of total imports. Indonesia, Taiwan (Chinese), India, Malaysia, Turkey, Hong Kong SAR and Pakistan lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, Pakistan, with a CAGR of +27.8%, saw 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 amounted to $X per ton, growing by 8.2% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +33.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 29%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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