India: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in India

In 2021, the Indian zinc ores and concentrates market decreased by -2.6% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, continues to indicate a resilient expansion. Zinc ores and concentrates consumption peaked at $X in 2020, and then contracted in the following year.

Production of Zinc Ores And Concentrates in India

In value terms, zinc ores and concentrates production declined to $X in 2021 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 39%. Zinc ores and concentrates production peaked at $X in 2020, and then declined in the following year.

Exports of Zinc Ores And Concentrates

Exports from India

In 2021, overseas shipments of zinc ores and concentrates decreased by -19.6% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2013 with an increase of 39%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports dropped markedly to $X in 2021. Overall, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 30%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for zinc ores and concentrates exports from India, with a 73% share of total exports. Moreover, zinc ores and concentrates exports to China exceeded the volume sent to the second major destination, Cuba (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-30.7% per year) and the Netherlands (0.0% per year).

In value terms, the largest markets for zinc ores and concentrates exported from India were China ($X), the Netherlands ($X) and Cuba ($X), together comprising 87% of total exports. These countries were followed by the United Arab Emirates, which accounted for a further 13%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, dropping by -42.7% against the previous year. Over the period under review, the export price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The export price peaked at $X per ton in 2020, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+41.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Zinc Ores And Concentrates

Imports into India

In 2021, imports of zinc ores and concentrates into India soared to X tons, jumping by 1,472% compared with the year before. Overall, imports, however, faced a dramatic contraction. Imports peaked 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 skyrocketed to $X in 2021. In general, imports, however, recorded a precipitous contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest zinc ores and concentrates supplier to India, accounting for a 56% share of total imports. Moreover, zinc ores and concentrates imports from Belgium exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +1,130.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+38.2% per year) and Ethiopia (-0.3% per year).

In value terms, the United Arab Emirates ($X), Belgium ($X) and Ethiopia ($X) were the largest zinc ores and concentrates suppliers to India, together comprising 100% of total imports.

Among the main suppliers, Belgium, with a CAGR of +1,432.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average zinc ores and concentrates import price amounted to $X per ton, which is down by -5.4% against the previous year. Over the period under review, the import price faced a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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