Northern America: Zinc Market 2024

Zinc Market Size in Northern America

In 2022, the North American zinc market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Zinc Production in Northern America

In value terms, zinc production rose to $X in 2022 estimated in export price. In general, production recorded a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Zinc Exports

Exports in Northern America

In 2022, overseas shipments of zinc, unwrought (not alloyed) decreased by -22.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 308% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, zinc exports reduced to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada prevails in exports structure, recording X tons, which was near 97% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the zinc, unwrought (not alloyed) exports, with a CAGR of -1.8% from 2012 to 2022. The United States (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +7 percentage points.

In value terms, Canada ($X) remains the largest zinc supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 3.3% share of total exports.

In Canada, zinc exports increased at an average annual rate of +3.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 19% against the previous year. Overall, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 295%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%).

Zinc Imports

Imports in Northern America

In 2022, imports of zinc, unwrought (not alloyed) in Northern America skyrocketed to X tons, rising by 16% against the year before. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, zinc imports skyrocketed to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of zinc imports in 2022 were the United States (X tons), together resulting at 100% of total import.

The United States was also the fastest-growing in terms of the zinc, unwrought (not alloyed) imports, with a CAGR of +1.0% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported zinc, unwrought (not alloyed) in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +7.1%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 22% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc import price increased by +60.0% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 38%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.0% per year.

Source: IndexBox Platform

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