Italy: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Italy

In 2021, the Italian zinc ores and concentrates market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption posted a pronounced expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports from Italy

In 2021, exports of zinc ores and concentrates from Italy expanded sharply to X tons, picking up by 11% against 2020. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 16%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports surged to $X in 2021. Over the period under review, exports, however, showed a pronounced curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of zinc ores and concentrates exports from Italy, with a combined 89% share of total exports. These countries were followed by Germany, which accounted for a further 9.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +109.5%), while the other leaders experienced a decline.

In value terms, Spain ($X) emerged as the key foreign market for zinc ores and concentrates exports from Italy, comprising 49% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 24% share of total exports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-4.8% per year) and Belgium (-7.2% per year).

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, with an increase of 42% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Germany ($X per ton) and Spain ($X per ton), while the average price for exports to Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports into Italy

In 2021, purchases abroad of zinc ores and concentrates increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2014 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a noticeable expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), the United States (X tons) and Burkina Faso (X tons) were the main suppliers of zinc ores and concentrates imports to Italy, with a combined 62% share of total imports. These countries were followed by Greece, Spain, Namibia, Cote d'Ivoire and Mexico, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +111.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Burkina Faso ($X) and Peru ($X) constituted the largest zinc ores and concentrates suppliers to Italy, together comprising 59% of total imports. These countries were followed by Greece, Namibia, Spain, Cote d'Ivoire and Mexico, which together accounted for a further 36%.

Among the main suppliers, Spain, with a CAGR of +95.7%, recorded 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 ores and concentrates import price amounted to $X per ton, surging by 26% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.5% 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 an increase of 53%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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