Belgium: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Belgium

The Belgian zinc ores and concentrates market skyrocketed to $X in 2021, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Zinc Ores And Concentrates

Exports from Belgium

In 2021, approx. X tons of zinc ores and concentrates were exported from Belgium; increasing by 7.3% compared with the year before. Overall, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 2,958%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports reduced to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 2,516% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of zinc ores and concentrates exports from Belgium, together accounting for 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +0.5%), while the other leaders experienced a decline.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) were the largest markets for zinc ores and concentrates exported from Belgium worldwide, together comprising 99.9% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +3.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, shrinking by -9.1% against the previous year. Overall, the export price, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports into Belgium

For the fourth year in a row, Belgium recorded growth in supplies from abroad of zinc ores and concentrates, which increased by 2.2% to X tons in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 851%. Imports peaked at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports recorded a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 666% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Bolivia (X tons), Mexico (X tons) and Turkey (X tons) were the main suppliers of zinc ores and concentrates imports to Belgium, together comprising 42% of total imports. These countries were followed by Portugal, Finland, Peru, the United States, Honduras, Spain, France, Sweden, Germany and Australia, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc ores and concentrates suppliers to Belgium were Bolivia ($X), Mexico ($X) and Turkey ($X), with a combined 44% share of total imports. Finland, Peru, Portugal, the United States, Honduras, Spain, France, Germany, Sweden and Australia lagged somewhat behind, together comprising a further 47%.

In terms of the main suppliers, Spain, with a CAGR of +34.5%, saw the highest growth rate of 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

The average zinc ores and concentrates import price stood at $X per ton in 2021, rising by 29% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 40%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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