Indonesia: Zinc Market 2025

Zinc Market Size in Indonesia

In 2021, the Indonesian zinc market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Zinc Exports

Exports from Indonesia

In 2021, exports of zinc from Indonesia soared to X tons, increasing by 45% against the year before. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 558%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, zinc exports soared to $X in 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,104%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of zinc exports from Indonesia, together accounting for 88% of total exports. Sri Lanka, Malaysia and Thailand lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +3,036.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and South Korea ($X) constituted the largest markets for zinc exported from Indonesia worldwide, with a combined 90% share of total exports. Malaysia, Sri Lanka and Thailand lagged somewhat behind, together comprising a further 10%.

Malaysia, with a CAGR of +2,327.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average zinc export price amounted to $X per ton, growing by 23% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 83%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 Taiwan (Chinese) (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Indonesia

In 2021, approx. X tons of zinc were imported into Indonesia; jumping by 21% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, zinc imports skyrocketed to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Australia (X tons) and India (X tons) were the main suppliers of zinc imports to Indonesia, together accounting for 67% of total imports. These countries were followed by Japan, Spain, Mexico, Belgium and Thailand, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +81.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to Indonesia were South Korea ($X), Australia ($X) and India ($X), with a combined 67% share of total imports. Japan, Spain, Mexico, Belgium and Thailand lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Mexico, with a CAGR of +90.3%, saw the highest rates of growth with regard to 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 average zinc import price amounted to $X per ton, jumping by 25% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price 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. The growth pace was the most rapid in 2017 when the average import price increased by 38% against the previous year. Over the period under review, average 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 noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and India ($X per ton), while the price for Spain ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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