Asia: Zinc Oxide Market 2024

Zinc Oxide Market Size in Asia

The Asian zinc oxide market shrank to $X in 2022, which is down by X% against the previous year. The total consumption indicated perceptible 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Zinc Oxide Production in Asia

In value terms, zinc oxide production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Zinc Oxide Exports

Exports in Asia

Zinc oxide exports contracted to X tons in 2022, dropping by X% on the previous year's figure. The total export 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 in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, zinc oxide exports amounted to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

South Korea (X tons), Turkey (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total exports in 2022. Vietnam (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%), India (X%), Thailand (X%) and the Philippines (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a measured expansion 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 growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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

In 2022, after two years of growth, there was significant decline in overseas purchases of zinc oxide and zinc peroxide, when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, zinc oxide imports shrank slightly to $X in 2022. Overall, imports continue to indicate a slight setback. 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 attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Taiwan (Chinese) (X tons), Thailand (X tons), Japan (X tons), Turkey (X tons) and China (X tons) represented the key importers of zinc oxide and zinc peroxide, together achieving X% of total imports. The Philippines (X tons), Singapore (X tons), Malaysia (X tons), India (X tons), Sri Lanka (X tons), Indonesia (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to zinc oxide imports into Vietnam stood at X%. At the same time, Iran (X%), Taiwan (Chinese) (X%), Sri Lanka (X%), the Philippines (X%), Turkey (X%), Malaysia (X%), Singapore (X%) and India (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, 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. While the share of Vietnam (X p.p.), Taiwan (Chinese) (X p.p.), Turkey (X p.p.), Iran (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Japan ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. China, India, Singapore, Taiwan (Chinese), the Philippines, Malaysia, Sri Lanka, Indonesia, Turkey and Iran lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iran, with a CAGR of X%, 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, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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