CIS: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in CIS

In 2021, after two years of decline, there was significant growth in the CIS zinc ores and concentrates market, when its value increased by 54% to $X. In general, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Zinc Ores And Concentrates in CIS

In value terms, zinc ores and concentrates production surged to $X in 2021 estimated in export price. Over the period under review, production posted a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Zinc Ores And Concentrates

Exports in CIS

Zinc ores and concentrates exports soared to X tons in 2021, with an increase of 17% on the previous year's figure. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 38% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, zinc ores and concentrates exports surged to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) and Kazakhstan (X tons) were the major exporters of zinc ores and concentrates in 2021, reaching near 44% and 36% of total exports, respectively. It was distantly followed by Tajikistan (X tons), achieving an 18% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +18.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest zinc ores and concentrates supplying countries in the CIS were Russia ($X), Kazakhstan ($X) and Tajikistan ($X), with a combined 98% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of +26.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, surging by 61% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.8%), while the other leaders experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports in CIS

In 2021, overseas purchases of zinc ores and concentrates increased by 4.6% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 68%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 91%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Kazakhstan represented the main importer of zinc ores and concentrates in the CIS, with the volume of imports finishing at X tons, which was near 49% of total imports in 2021. Uzbekistan (X tons) ranks second in terms of the total imports with a 30% share, followed by Russia (21%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of +30.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest zinc ores and concentrates importing markets in the CIS were Kazakhstan ($X), Uzbekistan ($X) and Russia ($X), with a combined 99.9% share of total imports.

Among the main importing countries, Kazakhstan, with a CAGR of +37.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 47% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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