CIS: Zinc Market 2025

Zinc Market Size in CIS

In 2021, after two years of decline, there was significant growth in the CIS zinc market, when its value increased by 40% to $X. Over the period under review, consumption continues to indicate tangible growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Zinc Production in CIS

In value terms, zinc production expanded markedly to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -21.3% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 45%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Zinc Exports

Exports in CIS

In 2021, shipments abroad of zinc decreased by -11.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 48%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, zinc exports surged to $X in 2021. Over the period under review, exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 80% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan represented the largest exporting country with an export of about X tons, which reached 80% of total exports. It was distantly followed by Uzbekistan (X tons), mixing up a 20% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -7.9% from 2012 to 2021. At the same time, Uzbekistan (+1.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +1.3% from 2012-2021. While the share of Uzbekistan (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-11.5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest zinc supplier in the CIS, comprising 80% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -2.8%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, picking up by 40% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 49%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%).

Zinc Imports

Imports in CIS

Zinc imports soared to X tons in 2021, increasing by 37% compared with the year before. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 269%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, zinc imports skyrocketed to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 254% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Belarus (X tons), making up a 6% share of total imports.

Russia was also the fastest-growing in terms of the zinc imports, with a CAGR of +37.8% from 2012 to 2021. Belarus (-5.8%) illustrated a downward trend over the same period. Russia (+63 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -52.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported zinc in the CIS, comprising 92% of total imports. The second position in the ranking was held by Belarus ($X), with a 6.3% share of total imports.

In Russia, zinc imports expanded at an average annual rate of +43.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 30% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the import price increased by 34% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+4.4%).

Source: IndexBox Platform

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