Scandinavia: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Scandinavia

The Scandinavia zinc ores and concentrates market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Zinc Ores And Concentrates in Scandinavia

In value terms, zinc ores and concentrates production skyrocketed to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Zinc Ores And Concentrates

Exports in Scandinavia

Zinc ores and concentrates exports declined to X tons in 2021, therefore, remained relatively stable against 2020. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 18%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports soared to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 56%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporting country with an export of about X tons, which finished at 82% of total exports. It was distantly followed by Finland (X tons), making up a 17% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to zinc ores and concentrates exports from Sweden stood at +2.7%. At the same time, Finland (+9.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.7% from 2012-2021. While the share of Finland (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-7.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest zinc ores and concentrates supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was taken by Finland ($X), with a 21% share of total exports.

In Sweden, zinc ores and concentrates exports increased at an average annual rate of +8.5% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 51% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.7% 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+13.2%).

Imports of Zinc Ores And Concentrates

Imports in Scandinavia

In 2021, approx. X tons of zinc ores and concentrates were imported in Scandinavia; surging by 2.9% compared with 2020 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 4.5%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, zinc ores and concentrates imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland was the major importing country with an import of around X tons, which accounted for 65% of total imports. It was distantly followed by Norway (X tons), creating a 35% share of total imports.

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of +2.4%).

In value terms, the largest zinc ores and concentrates importing markets in Scandinavia were Finland ($X) and Norway ($X).

Norway, with a CAGR of +8.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 59% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 59%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Norway totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.6%).

Source: IndexBox Platform