China: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in China

In 2022, the Chinese unwrought zinc alloys market decreased by -0.4% to $X, falling for the second year in a row after nine years of growth. Overall, consumption showed a buoyant expansion. Unwrought zinc alloys consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Unwrought Zinc Alloys Production in China

In value terms, unwrought zinc alloys production amounted to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Unwrought Zinc Alloys Exports

Exports from China

After three years of decline, shipments abroad of unwrought zinc alloys increased by 63% to X tons in 2022. Overall, exports recorded a tangible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 71%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, unwrought zinc alloys exports surged to $X in 2022. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 92%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for unwrought zinc alloys exports from China, accounting for a 47% share of total exports. Moreover, unwrought zinc alloys exports to Vietnam exceeded the volume sent to the second major destination, Bangladesh (X tons), fourfold. The third position in this ranking was taken by Uzbekistan (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+25.6% per year) and Uzbekistan (+298.0% per year).

In value terms, Vietnam ($X) remains the key foreign market for unwrought zinc alloys exports from China, comprising 45% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total exports. It was followed by Uzbekistan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+30.5% per year) and Uzbekistan (+326.5% per year).

Export Prices by Country

The average unwrought zinc alloys export price stood at $X per ton in 2022, surging by 9.1% against the previous year. In general, export price indicated strong 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, unwrought zinc alloys export price increased by +36.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into China

In 2022, unwrought zinc alloys imports into China reduced rapidly to X tons, dropping by -26.4% against 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, unwrought zinc alloys imports declined remarkably to $X in 2022. Over the period under review, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and Australia (X tons) were the main suppliers of unwrought zinc alloys imports to China, with a combined 77% share of total imports. Malaysia, Thailand and Vietnam lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +111.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys suppliers to China were South Korea ($X), Japan ($X) and Australia ($X), together accounting for 81% of total imports. Malaysia, Thailand and Vietnam lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Malaysia, with a CAGR of +111.3%, recorded 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 average unwrought zinc alloys import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2017 an increase of 29%. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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