MERCOSUR: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in MERCOSUR

The MERCOSUR unwrought zinc alloys market fell to $X in 2022, standing approx. at the previous year. In general, consumption recorded a buoyant expansion. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Unwrought Zinc Alloys Production in MERCOSUR

In value terms, unwrought zinc alloys production declined modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports in MERCOSUR

In 2022, approx. X tons of unwrought zinc alloys were exported in MERCOSUR; declining by -16.8% on the year before. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2013 with an increase of 92% 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 somewhat lower figure.

In value terms, unwrought zinc alloys exports fell significantly to $X in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 91%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru prevails in exports structure, accounting for X tons, which was near 84% of total exports in 2022. It was distantly followed by Brazil (X tons), committing a 7.5% share of total exports. The following exporters - Argentina (X tons) and Chile (X tons) - together made up 4.5% of total exports.

Exports from Peru decreased at an average annual rate of -6.8% from 2012 to 2022. Chile (-2.7%), Brazil (-10.8%) and Argentina (-17.4%) illustrated a downward trend over the same period. Peru (+6.8 p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Argentina saw its share reduced by -3.1% and -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest unwrought zinc alloys supplier in MERCOSUR, comprising 83% of total exports. The second position in the ranking was held by Brazil ($X), with a 9.9% share of total exports. It was followed by Argentina, with a 2.1% share.

In Peru, unwrought zinc alloys exports declined by an average annual rate of -4.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-4.0% per year) and Argentina (-6.6% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by -4.9% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +15.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 33% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 MERCOSUR

Unwrought zinc alloys imports reduced notably to X tons in 2022, waning by -20.8% against the previous year's figure. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, unwrought zinc alloys imports contracted to $X in 2022. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 87%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of unwrought zinc alloys, namely Colombia, Argentina and Chile, represented more than two-thirds of total import. It was distantly followed by Ecuador (X tons), comprising a 5.7% share of total imports. Peru (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of +13.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest unwrought zinc alloys importing markets in MERCOSUR were Colombia ($X), Argentina ($X) and Chile ($X), together accounting for 88% of total imports. Ecuador, Peru and Paraguay lagged somewhat behind, together accounting for a further 11%.

Paraguay, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by 11% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 import price increased by +27.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform