EU: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in the EU

The EU zinc ores and concentrates market surged to $X in 2021, with an increase of 32% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.6% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Zinc Ores And Concentrates in the EU

In value terms, zinc ores and concentrates production surged to $X in 2021 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Zinc Ores And Concentrates

Exports in the EU

Zinc ores and concentrates exports shrank slightly to X tons in 2021, approximately mirroring 2020 figures. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports skyrocketed to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Sweden (X tons), Portugal (X tons), Spain (X tons) and Ireland (X tons) represented the main exporters of zinc ores and concentrates, together comprising 85% of total exports. The following exporters - France (X tons) and Finland (X tons) - each resulted at an 8.2% share of total exports.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Sweden ($X) and Portugal ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 63% share of total exports.

In terms of the main exporting countries, Portugal, with a CAGR of +28.2%, saw the highest rates of growth with regard to 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

In 2021, the export price in the European Union amounted to $X per ton, picking up by 29% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. 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 49% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Ireland ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+13.7%), while the other leaders experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports in the EU

In 2021, the amount of zinc ores and concentrates imported in the European Union stood at X tons, flattening at the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +42.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 47%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), distantly followed by Spain (X tons), Finland (X tons), the Netherlands (X tons), Germany (X tons) and France (X tons) were the key importers of zinc ores and concentrates, together generating 89% of total imports. Poland (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +1.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Finland ($X) were the countries with the highest levels of imports in 2021, together comprising 64% of total imports. The Netherlands, Germany, France and Poland lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Germany, with a CAGR of +7.2%, recorded 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 2021, the import price in the European Union amounted to $X per ton, picking up by 35% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the import price increased by 49%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Spain ($X per ton) and Finland ($X per ton), while Poland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :