South-Eastern Asia: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in South-Eastern Asia

The Southeast Asian zinc ores and concentrates market soared to $X in 2021, with an increase of 37% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.1% against 2019 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Zinc Ores And Concentrates in South-Eastern Asia

In value terms, zinc ores and concentrates production surged to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The growth pace was the most rapid in 2017 with an increase of 54%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Zinc Ores And Concentrates

Exports in South-Eastern Asia

After two years of decline, overseas shipments of zinc ores and concentrates increased by 10% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 113% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports soared to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 58% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

Indonesia (X tons) and Vietnam (X tons) represented roughly 77% of total exports in 2021. It was distantly followed by Lao People's Democratic Republic (X tons), comprising an 18% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Lao People's Democratic Republic (with a CAGR of +61.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 98% of total exports.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of +66.7%, saw the highest rates of growth with regard to 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 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 41% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 52% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.6%), while the other leaders experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports in South-Eastern Asia

Zinc ores and concentrates imports surged to X tons in 2021, growing by 104% on the year before. Overall, imports, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2019 with an increase of 649%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports soared to $X in 2021. In general, imports, however, saw a precipitous descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) represented the main importer of zinc ores and concentrates, mixing up 67% of total imports. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together mixing up a 29% share of total imports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to zinc ores and concentrates imports into Thailand stood at -30.1%. At the same time, Lao People's Democratic Republic (+50.9%) and Vietnam (+26.4%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +50.9% from 2012-2021. By contrast, Malaysia (-15.9%) illustrated a downward trend over the same period. Vietnam (+19 p.p.), Malaysia (+7.3 p.p.) and Lao People's Democratic Republic (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -29.1% from 2012 to 2021, respectively.

In value terms, the largest zinc ores and concentrates importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined 93% share of total imports. Lao People's Democratic Republic lagged somewhat behind, comprising a further 2.3%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +37.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -22.2% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 185% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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