Italy: Zinc Market 2024

Zinc Market Size in Italy

In 2022, the Italian zinc market increased by 29% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Zinc Production in Italy

In value terms, zinc production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Zinc Exports

Exports from Italy

Zinc exports from Italy fell sharply to X tons in 2022, with a decrease of -73.8% against 2021 figures. In general, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 62% against the previous year. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, zinc exports contracted dramatically to $X in 2022. Over the period under review, exports, however, showed a tangible increase. The pace of growth was the most pronounced in 2017 when exports increased by 98% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Belgium (X tons), France (X tons) and Slovenia (X tons) were the main destinations of zinc exports from Italy, together accounting for 60% of total exports. Germany, Croatia, Morocco, Algeria, Tunisia and Austria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +79.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc exported from Italy were Belgium ($X), France ($X) and Slovenia ($X), with a combined 57% share of total exports. Germany, Morocco, Algeria, Croatia, Tunisia and Austria lagged somewhat behind, together accounting for a further 27%.

Algeria, with a CAGR of +100.1%, saw 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 2022, the average zinc export price amounted to $X per ton, picking up by 34% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +47.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($X per ton) and Slovenia ($X per ton), while the average price for exports to Belgium ($X per ton) and Croatia ($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 Algeria (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Italy

In 2022, approx. X tons of zinc, unwrought (not alloyed) were imported into Italy; picking up by 65% compared with the previous year. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc imports skyrocketed to $X in 2022. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of zinc imports to Italy, with a combined 51% share of total imports. Germany, the Netherlands, Peru, Bulgaria, the United States, South Korea, Congo, Mexico, Poland and Finland lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +2,205.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to Italy were Kazakhstan ($X), Belgium ($X) and Germany ($X), with a combined 51% share of total imports. Spain, the Netherlands, Bulgaria, Peru, the United States, South Korea, Congo, Mexico, Poland and Finland lagged somewhat behind, together accounting for a further 45%.

South Korea, with a CAGR of +1,957.8%, saw the highest rates of growth with regard to the value of imports, among 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, rising by 24% against the previous year. Overall, import price indicated a buoyant expansion 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 import price increased by +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :