Northern America: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Northern America

In 2021, the North American zinc ores and concentrates market increased by 41% to $X, rising for the second year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.8% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Zinc Ores And Concentrates in Northern America

In value terms, zinc ores and concentrates production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Zinc Ores And Concentrates

Exports in Northern America

Zinc ores and concentrates exports expanded remarkably to X tons in 2021, picking up by 15% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2018 when exports increased by 17%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports surged to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Canada (X tons) took a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of zinc ores and concentrates. Canada (-23.1%) illustrated a downward trend over the same period. While the share of the United States (+25 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-24.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest zinc ores and concentrates supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total exports.

In the United States, zinc ores and concentrates exports increased at an average annual rate of +6.6% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 48% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.2%).

Imports of Zinc Ores And Concentrates

Imports in Northern America

In 2021, approx. X tons of zinc ores and concentrates were imported in Northern America; growing by 6.7% compared with 2020. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports surged to $X in 2021. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) represented the key importer of zinc ores and concentrates in Northern America, making up 99% of total import.

Canada was also the fastest-growing in terms of the zinc ores and concentrates imports, with a CAGR of +8.3% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported zinc ores and concentrates in Northern America.

In Canada, zinc ores and concentrates imports increased at an average annual rate of +12.2% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, increasing by 52% against the previous year. Import price indicated temperate growth 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 level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +3.7% per year.

Source: IndexBox Platform

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