Scandinavia: Zinc Market 2025

Zinc Market Size in Scandinavia

The Scandinavia zinc market declined significantly to $X in 2022, falling by -18.4% against the previous year. Overall, consumption saw a pronounced downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Zinc Production in Scandinavia

In value terms, zinc production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Zinc Exports

Exports in Scandinavia

Zinc exports expanded significantly to X tons in 2022, growing by 11% on the year before. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc exports skyrocketed to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +36.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Finland (X tons) was the major exporter of zinc, unwrought (not alloyed), mixing up 65% of total exports. It was distantly followed by Norway (X tons), mixing up a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +2.6%).

In value terms, the largest zinc supplying countries in Scandinavia were Finland ($X) and Norway ($X).

Norway, with a CAGR of +8.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of 6.9% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 36%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.0%).

Zinc Imports

Imports in Scandinavia

Zinc imports dropped to X tons in 2022, shrinking by -2.8% on the year before. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zinc imports soared to $X in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden dominates imports structure, amounting to X tons, which was approx. 95% of total imports in 2022. It was distantly followed by Norway (X tons), generating a 4.6% share of total imports.

Sweden was also the fastest-growing in terms of the zinc, unwrought (not alloyed) imports, with a CAGR of -9.3% from 2012 to 2022. Norway (-15.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +4.1 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported zinc, unwrought (not alloyed) in Scandinavia, comprising 95% of total imports. The second position in the ranking was held by Norway ($X), with a 4.7% share of total imports.

In Sweden, zinc imports decreased by an average annual rate of -4.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, jumping by 20% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 +54.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 42% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.7%).

Source: IndexBox Platform