Czech Republic: Zinc Market 2024

Zinc Market Size in the Czech Republic

The Czech zinc market rose sharply to $X in 2022, increasing by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Zinc Exports

Exports from the Czech Republic

In 2022, overseas shipments of zinc, unwrought (not alloyed) were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 431% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, zinc exports soared to $X in 2022. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 530%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Austria (X tons) and Germany (X tons) were the main destinations of zinc exports from the Czech Republic, together comprising 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of -5.2%), while the other leaders experienced a decline.

In value terms, Slovakia ($X) emerged as the key foreign market for zinc, unwrought (not alloyed) exports from the Czech Republic, comprising 50% of total exports. The second position in the ranking was held by Austria ($X), with a 22% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia amounted to -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.1% per year) and Germany (-20.4% per year).

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, waning by -4% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 +34.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Austria ($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 Bulgaria (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into the Czech Republic

In 2022, approx. X tons of zinc, unwrought (not alloyed) were imported into the Czech Republic; surging by 5.5% on 2021 figures. Overall, imports posted a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of 202%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, zinc imports rose remarkably to $X in 2022. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 239% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of zinc imports to the Czech Republic, together accounting for 82% of total imports. Belgium, India and Slovakia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +36.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to the Czech Republic were Poland ($X), Finland ($X) and Germany ($X), together accounting for 82% of total imports. Belgium, India and Slovakia lagged somewhat behind, together accounting for a further 12%.

Belgium, with a CAGR of +44.8%, saw the highest growth rate of the value of imports, among the main suppliers 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 zinc import price amounted to $X per ton, surging by 7% against the previous year. Overall, import price indicated strong growth 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 import price increased by +38.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Finland ($X per ton), while the price for Slovakia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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