Italy: Zinc Market 2024

Zinc Market Size in Italy

In 2021, the Italian zinc market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Zinc Exports

Exports from Italy

In 2021, approx. X tons of zinc were exported from Italy; with an increase of 19% compared with the previous year. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 40%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, zinc exports surged to $X in 2021. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for zinc exports from Italy, with a 32% share of total exports. Moreover, zinc exports to Turkey exceeded the volume sent to the second major destination, Spain (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+47.3% per year) and the United Arab Emirates (+117.9% per year).

In value terms, Turkey ($X) remains the key foreign market for zinc exports from Italy, comprising 30% of total exports. The second position in the ranking was held by Slovenia ($X), with an 8.8% share of total exports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+22.5% per year) and the United Arab Emirates (+113.6% per year).

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, jumping by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. The export price peaked 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 France ($X per ton), while the average price for exports to Spain ($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 Austria (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Italy

In 2021, overseas purchases of zinc were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 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 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of zinc imports to Italy, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest zinc suppliers to Italy, together comprising 74% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +41.5%, recorded 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

The average zinc import price stood at $X per ton in 2021, rising by 25% against the previous year. In general, import price indicated a notable 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 most prominent rate of growth was recorded in 2017 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Poland ($X per ton) and Peru ($X per ton), while the price for Germany ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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