India: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in India

The Indian unwrought zinc alloys market contracted modestly to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.0% against 2020 indices. Unwrought zinc alloys consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Unwrought Zinc Alloys Production in India

In value terms, unwrought zinc alloys production contracted to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 26%. Unwrought zinc alloys production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of unwrought zinc alloys, when their volume decreased by -19.8% to X tons. Over the period under review, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, unwrought zinc alloys exports fell to $X in 2022. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 108%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main destinations of unwrought zinc alloys exports from India, together comprising 71% of total exports. Vietnam, Nepal, South Africa and Saudi Arabia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +191.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for unwrought zinc alloys exports from India, comprising 42% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+82.5% per year) and Malaysia (+84.9% per year).

Export Prices by Country

The average unwrought zinc alloys export price stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +49.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 32%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Nepal ($X per ton) and Malaysia ($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 Saudi Arabia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into India

In 2022, unwrought zinc alloys imports into India reduced sharply to X tons, which is down by -17.2% compared with the previous year. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 99.9% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, unwrought zinc alloys imports dropped slightly to $X in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 125% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of unwrought zinc alloys to India, accounting for a 92% share of total imports. It was followed by Japan (X tons), with a 2.8% share of total imports. Australia (X tons) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+36.8% per year) and Australia (-15.8% per year).

In value terms, South Korea ($X) constituted the largest supplier of unwrought zinc alloys to India, comprising 94% of total imports. The second position in the ranking was taken by Japan ($X), with a 2.3% share of total imports. It was followed by Australia, with a 1% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+32.8% per year) and Australia (-11.5% per year).

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, with an increase of 18% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +54.3% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 39%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Australia ($X per ton), while the price for Belgium ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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