Benelux: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Benelux

The Benelux zinc ores and concentrates market fell to $X in 2021, shrinking by -7.4% against the previous year. Overall, consumption posted buoyant growth. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Zinc Ores And Concentrates in Benelux

In value terms, zinc ores and concentrates production contracted to $X in 2021 estimated in export price. Overall, production, however, posted a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,513%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports in Benelux

In 2021, shipments abroad of zinc ores and concentrates increased by 11% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by 859% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports totaled $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 933%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Belgium prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2021. It was distantly followed by the Netherlands (X tons), committing a 4.7% share of total exports.

Belgium was also the fastest-growing in terms of the zinc ores and concentrates exports, with a CAGR of -2.3% from 2012 to 2021. The Netherlands (-10.1%) illustrated a downward trend over the same period. While the share of Belgium (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-4.7 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest zinc ores and concentrates supplier in Benelux, comprising 94% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium was relatively modest.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, reducing by -8.2% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc ores and concentrates export price decreased by -22.9% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%).

Imports of Zinc Ores And Concentrates

Imports in Benelux

Zinc ores and concentrates imports expanded rapidly to X tons in 2021, picking up by 5.1% against the year before. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 214%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, zinc ores and concentrates imports surged to $X in 2021. Overall, imports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 131% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Belgium (X tons) was the key importer of zinc ores and concentrates, comprising 71% of total imports. It was distantly followed by the Netherlands (X tons), making up a 29% share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of zinc ores and concentrates. At the same time, the Netherlands (+1.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +1.7% from 2012-2021. From 2012 to 2021, the share of the Netherlands increased by +2.7 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported zinc ores and concentrates in Benelux, comprising 71% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium amounted to +4.1%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, picking up by 19% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc ores and concentrates import price decreased by -20.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%).

Source: IndexBox Platform