Latin America and the Caribbean: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Latin America and the Caribbean

In 2022, the Latin American unwrought zinc alloys market increased by less than 0.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a resilient expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Unwrought Zinc Alloys Production in Latin America and the Caribbean

In value terms, unwrought zinc alloys production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Unwrought Zinc Alloys Exports

Exports in Latin America and the Caribbean

In 2022, unwrought zinc alloys exports in Latin America and the Caribbean reduced sharply to X tons, shrinking by -66.4% on 2021. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, unwrought zinc alloys exports dropped notably to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Peru (X tons) was the largest exporter of unwrought zinc alloys, comprising 69% of total exports. Mexico (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near 19% share of total exports. The following exporters - Argentina (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) - each resulted at a 6.2% share of total exports.

Exports from Peru decreased at an average annual rate of -6.8% from 2012 to 2022. Costa Rica experienced a relatively flat trend pattern. Brazil (-10.8%), Argentina (-17.4%), the Dominican Republic (-23.5%) and Mexico (-26.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Brazil and Costa Rica increased by +41, +2.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) emerged as the largest unwrought zinc alloys supplier in Latin America and the Caribbean, comprising 69% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by Brazil, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru stood at -4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-22.1% per year) and Brazil (-4.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 2.9% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys export price increased by +21.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 36%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.1%), while the other leaders experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of unwrought zinc alloys increased by 1.5% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unwrought zinc alloys imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Mexico dominates imports structure, accounting for X tons, which was near 78% of total imports in 2022. Colombia (X tons) took the second position in the ranking, followed by Argentina (X tons). All these countries together held approx. 13% share of total imports. Chile (X tons) held a relatively small share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of unwrought zinc alloys. Argentina experienced a relatively flat trend pattern. Chile (-1.8%) and Colombia (-5.1%) illustrated a downward trend over the same period. Mexico (+18 p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by -1.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported unwrought zinc alloys in Latin America and the Caribbean, comprising 76% of total imports. The second position in the ranking was held by Colombia ($X), with a 7.8% share of total imports. It was followed by Argentina, with a 6.3% share.

In Mexico, unwrought zinc alloys imports increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (-0.8% per year) and Argentina (+5.4% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Chile ($X per ton), while Mexico ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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