Germany: Zinc Market 2024

Zinc Market Size in Germany

In 2022, the German zinc market increased by 13% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern 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 2022, consumption stood at a somewhat lower figure.

Zinc Production in Germany

In value terms, zinc production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a measured increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 70% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Zinc Exports

Exports from Germany

Zinc exports from Germany dropped notably to X tons in 2022, with a decrease of -26.4% against 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 44% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc exports contracted to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 67%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for zinc exports from Germany, with a 42% share of total exports. Moreover, zinc exports to Italy exceeded the volume sent to the second major destination, Austria (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.6% per year) and Poland (-6.2% per year).

In value terms, Italy ($X) remains the key foreign market for zinc, unwrought (not alloyed) exports from Germany, comprising 41% of total exports. The second position in the ranking was taken by Austria ($X), with an 18% share of total exports. It was followed by Poland, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+7.9% per year) and Poland (-0.6% per year).

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, jumping by 24% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +58.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Poland ($X per ton), while the average price for exports to the United States ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Germany

In 2022, approx. X tons of zinc, unwrought (not alloyed) were imported into Germany; declining by -2.9% compared with the previous year's figure. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 3.2%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, zinc imports soared to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Finland (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of zinc imports to Germany, together accounting for 65% of total imports. Poland, the Netherlands, Norway, India and Namibia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +203.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Spain ($X) and Belgium ($X) constituted the largest zinc suppliers to Germany, together comprising 65% of total imports. Poland, the Netherlands, Norway, India and Namibia lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +209.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, surging by 23% 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 +60.2% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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