New Zealand: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in New Zealand

The New Zealand zinc ores and concentrates market was estimated at $X in 2021, growing by 8.5% against the previous year. Over the period under review, consumption posted tangible growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Zinc Ores And Concentrates in New Zealand

In value terms, zinc ores and concentrates production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 23%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports from New Zealand

Zinc ores and concentrates exports from New Zealand surged to X tons in 2021, increasing by 49% on the previous year's figure. Over the period under review, exports posted measured growth. The most prominent rate of growth was recorded in 2016 when exports increased by 73% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports soared to $X in 2021. Overall, exports recorded strong growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons) was the main destination for zinc ores and concentrates exports from New Zealand, accounting for a 91% share of total exports. Moreover, zinc ores and concentrates exports to Fiji exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Fiji amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-16.9% per year) and Portugal (-34.8% per year).

In value terms, Fiji ($X) remains the key foreign market for zinc ores and concentrates exports from New Zealand, comprising 85% of total exports. The second position in the ranking was taken by Portugal ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Fiji totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-2.7% per year) and China (-20.1% per year).

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, growing by 25% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc ores and concentrates export price increased by +79.1% against 2017 indices. The growth pace was the most rapid in 2019 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to China ($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 Portugal (+49.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Zinc Ores And Concentrates

Imports into New Zealand

In 2021, after three years of decline, there was significant growth in purchases abroad of zinc ores and concentrates, when their volume increased by 126% to X tons. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 8,288% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, zinc ores and concentrates imports skyrocketed to $X in 2021. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 7,112%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) was the main supplier of zinc ores and concentrates to New Zealand, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +8.1%.

In value terms, France ($X) constituted the largest supplier of zinc ores and concentrates to New Zealand.

From 2012 to 2021, the average annual growth rate of value from France stood at +7.4%.

Import Prices by Country

In 2021, the average zinc ores and concentrates import price amounted to $X per ton, with a decrease of -6.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to -0.7% per year.

Source: IndexBox Platform

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