Republic of Korea: Zinc Powder Market 2024

Zinc Powder Market Size in Republic of Korea

The South Korean zinc powder market reached $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Zinc powder consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Zinc Powder Production in Republic of Korea

In value terms, zinc powder production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Zinc Powder Exports

Exports from Republic of Korea

In 2022, approx. X tons of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) were exported from South Korea; waning by X% compared with 2021 figures. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zinc powder exports stood at $X in 2022. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and China (X tons) were the main destinations of zinc powder exports from South Korea, together comprising X% of total exports. Australia, Vietnam and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) were the largest markets for zinc powder exported from South Korea worldwide, with a combined X% share of total exports. Australia, Vietnam and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zinc powder export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Powder Imports

Imports into Republic of Korea

In 2022, zinc powder imports into South Korea declined significantly to X tons, reducing by X% compared with 2021 figures. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc powder imports shrank to $X in 2022. In general, imports saw a slight contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of zinc powder imports to South Korea, with a combined X% share of total imports. The United States, Switzerland, China and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and Germany ($X) were the largest zinc powder suppliers to South Korea, with a combined X% share of total imports. Switzerland, the United States, China and Malaysia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zinc powder import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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