Eastern Europe: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Eastern Europe

The East European unwrought zinc alloys market reduced slightly to $X in 2022, leveling off at the previous year. In general, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Unwrought Zinc Alloys Production in Eastern Europe

In value terms, unwrought zinc alloys production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Unwrought Zinc Alloys Exports

Exports in Eastern Europe

In 2022, exports of unwrought zinc alloys in Eastern Europe surged to X tons, jumping by 15% against 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports skyrocketed to $X in 2022. Overall, exports continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia represented the major exporter of unwrought zinc alloys in Eastern Europe, with the volume of exports accounting for X tons, which was near 70% of total exports in 2022. It was distantly followed by Poland (X tons), generating a 25% share of total exports. The following exporters - Russia (X tons) and Ukraine (X tons) - each recorded a 3.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to unwrought zinc alloys exports from Slovakia stood at +4.2%. At the same time, Russia (+12.1%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +12.1% from 2012-2022. By contrast, Poland (-1.7%) and Ukraine (-23.1%) illustrated a downward trend over the same period. Slovakia (+25 p.p.) significantly strengthened its position in terms of the total exports, while Poland and Ukraine saw its share reduced by -3.8% and -20.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest unwrought zinc alloys supplier in Eastern Europe, comprising 70% of total exports. The second position in the ranking was taken by Poland ($X), with a 26% share of total exports. It was followed by Russia, with a 1.7% share.

In Slovakia, unwrought zinc alloys exports increased at an average annual rate of +6.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+4.6% per year) and Russia (+24.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 21% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +49.7% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 39%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.9%), while the other leaders experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports in Eastern Europe

In 2022, the amount of unwrought zinc alloys imported in Eastern Europe shrank rapidly to X tons, falling by -16.7% on the year before. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 72%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, unwrought zinc alloys imports dropped to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

The purchases of the three major importers of unwrought zinc alloys, namely Poland, Russia and the Czech Republic, represented more than two-thirds of total import. It was distantly followed by Romania (X tons) and Hungary (X tons), together creating a 12% share of total imports. Slovakia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +26.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought zinc alloys importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together accounting for 79% of total imports.

Among the main importing countries, Russia, with a CAGR of +28.1%, saw the highest growth rate of 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 import price in Eastern Europe amounted to $X per ton, increasing by 16% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 import price increased by +42.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 33%. The level of import peaked 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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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