Canada: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Canada

The Canadian articles of zinc market skyrocketed to $X in 2021, increasing by 17% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Articles Of Zinc Production in Canada

In value terms, articles of zinc production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.1% against 2017 indices. Articles of zinc production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Articles Of Zinc Exports

Exports from Canada

After two years of decline, shipments abroad of articles of zinc increased by 57% to X tons in 2021. In general, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 58% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, articles of zinc exports soared to $X in 2021. The total export value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2014; afterwards, it flattened through to 2021.

Exports by Country

The United States (X tons) was the main destination for articles of zinc exports from Canada, accounting for a 84% share of total exports. Moreover, articles of zinc exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+115.5% per year) and the UK (+15.6% per year).

In value terms, the United States ($X) remains the key foreign market for articles of zinc exports from Canada, comprising 91% of total exports. The second position in the ranking was taken by Japan ($X), with a 3.4% share of total exports. It was followed by the UK, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+109.8% per year) and the UK (+20.1% per year).

Export Prices by Country

In 2021, the average articles of zinc export price amounted to $X per ton, reducing by -4.7% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of 41%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the UK (+3.9%), while the prices for the other major destinations experienced a decline.

Articles Of Zinc Imports

Imports into Canada

In 2021, supplies from abroad of articles of zinc increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 1,056% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, articles of zinc imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of articles of zinc imports to Canada, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and India ($X) constituted the largest articles of zinc suppliers to Canada, with a combined 82% share of total imports.

India, with a CAGR of +9.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, with an increase of 5.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 495%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for India ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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