India: Zinc Oxide Market 2025

Zinc Oxide Market Size in India

The Indian zinc oxide market reduced slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Zinc oxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zinc Oxide Production in India

In value terms, zinc oxide production shrank to $X in 2022 estimated in export price. In general, production recorded a mild increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Zinc Oxide Exports

Exports from India

In 2022, overseas shipments of zinc oxide and zinc peroxide decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, zinc oxide exports rose modestly to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons), Thailand (X tons) and China (X tons) were the main destinations of zinc oxide exports from India, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Sri Lanka ($X) appeared to be the largest markets for zinc oxide exported from India worldwide, together accounting for X% of total exports. Taiwan (Chinese), Bangladesh, China, Australia, the United Arab Emirates, New Zealand, Belgium, Hungary, Spain and Indonesia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zinc oxide export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into India

In 2022, approx. X tons of zinc oxide and zinc peroxide were imported into India; declining by X% on the year before. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, zinc oxide imports reached $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Taiwan (Chinese) (X tons), the UK (X tons) and Sri Lanka (X tons) were the main suppliers of zinc oxide imports to India, with a combined X% share of total imports. Belgium, Thailand, the United States, Oman, Japan, the Netherlands, Canada, Saudi Arabia, China and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Taiwan (Chinese) ($X) constituted the largest zinc oxide suppliers to India, with a combined X% share of total imports. Belgium, Sri Lanka, Japan, Germany, Thailand, the Netherlands, Canada, China, Saudi Arabia and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw 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 2022, the average zinc oxide import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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