Central Asia: Zinc Market 2024

Zinc Market Size in Central Asia

In 2022, the Central Asian zinc market increased by 7.5% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Zinc Production in Central Asia

In value terms, zinc production fell modestly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Zinc Exports

Exports in Central Asia

Zinc exports reduced to X tons in 2022, waning by -8.2% against the year before. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 106%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc exports rose remarkably to $X in 2022. Over the period under review, exports showed a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 82%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the largest exporting country with an export of around X tons, which amounted to 80% of total exports. It was distantly followed by Uzbekistan (X tons), comprising a 20% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -8.9% from 2012 to 2022. Uzbekistan (-1.4%) illustrated a downward trend over the same period. Uzbekistan (+20 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -20.4% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest zinc supplier in Central Asia, comprising 79% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 21% share of total exports.

In Kazakhstan, zinc exports contracted by an average annual rate of -3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 21% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by +57.2% against 2020 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 hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.0%).

Zinc Imports

Imports in Central Asia

For the third consecutive year, Central Asia recorded decline in purchases abroad of zinc, unwrought (not alloyed), which decreased by -50.6% to X tons in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 729%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc imports reduced dramatically to $X in 2022. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 802%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) prevails in imports structure, together achieving 97% of total imports. Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +76.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the countries with the highest levels of imports in 2022, together comprising 98% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +85.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by 29% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc import price increased by +103.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 58%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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