Eastern Europe: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Eastern Europe

In 2021, the East European zinc ores and concentrates market increased by 36% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Zinc Ores And Concentrates in Eastern Europe

In value terms, zinc ores and concentrates production soared to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1,227% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Zinc Ores And Concentrates

Exports in Eastern Europe

In 2021, shipments abroad of zinc ores and concentrates was finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 124%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, zinc ores and concentrates exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 96%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of zinc ores and concentrates, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the zinc ores and concentrates exports, with a CAGR of +18.4% from 2012 to 2021. From 2012 to 2021, the share of Russia increased by +7.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest zinc ores and concentrates supplier in Eastern Europe.

In Russia, zinc ores and concentrates exports expanded at an average annual rate of +26.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 59% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 60%. 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.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +7.2% per year.

Imports of Zinc Ores And Concentrates

Imports in Eastern Europe

Zinc ores and concentrates imports fell to X tons in 2021, reducing by -11.5% against the previous year. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports soared to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland represented the major importing country with an import of about X tons, which finished at 45% of total imports. It was distantly followed by Russia (X tons) and Bulgaria (X tons), together generating a 55% share of total imports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of -0.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest zinc ores and concentrates importing markets in Eastern Europe were Poland ($X), Russia ($X) and Bulgaria ($X), together comprising 100% of total imports.

Poland, with a CAGR of +2.5%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Eastern Europe stood at $X per ton in 2021, surging by 44% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.2% 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 attained 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 ($X per ton), while Poland ($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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