SADC: Zinc Oxide Market 2024

Zinc Oxide Market Size in SADC

The SADC zinc oxide market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Zinc Oxide Production in SADC

In value terms, zinc oxide production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. 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 attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Zinc Oxide Exports

Exports in SADC

In 2022, overseas shipments of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the fourth year in a row after three years of growth. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, zinc oxide exports surged to $X in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Zambia (X tons) represented the main exporter of zinc oxide and zinc peroxide, making up X% of total exports. It was distantly followed by South Africa (X tons), generating a X% share of total exports.

Zambia was also the fastest-growing in terms of the zinc oxide and zinc peroxide exports, with a CAGR of X% from 2012 to 2022. South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia increased by X percentage points.

In value terms, South Africa ($X) and Zambia ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Zinc Oxide Imports

Imports in SADC

In 2022, purchases abroad of zinc oxide and zinc peroxide decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, zinc oxide imports totaled $X in 2022. Total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Zimbabwe (X tons), mixing up a X% share of total imports. The following importers - Democratic Republic of the Congo (X tons) and Tanzania (X tons) - each reached a X% share of total imports.

South Africa was also the fastest-growing in terms of the zinc oxide and zinc peroxide imports, with a CAGR of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Zimbabwe (X%) and Tanzania (X%) displayed positive paces of growth. South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania, Democratic Republic of the Congo and Zimbabwe saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported zinc oxide and zinc peroxide in SADC, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform