South-Eastern Asia: Zinc Oxide Market 2024

Zinc Oxide Market Size in South-Eastern Asia

The Southeast Asian zinc oxide market fell to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Zinc Oxide Production in South-Eastern Asia

In value terms, zinc oxide production declined to $X in 2022 estimated in export price. The total production indicated slight 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 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Zinc Oxide Exports

Exports in South-Eastern Asia

In 2022, overseas shipments 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. Total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, zinc oxide exports stood at $X in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Vietnam (X tons), Thailand (X tons) and the Philippines (X tons) represented the main exporter of zinc oxide and zinc peroxide in South-Eastern Asia, mixing up X% of total export. Indonesia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Singapore (X%). Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest zinc oxide supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total exports. Malaysia, the Philippines, Singapore and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Zinc Oxide Imports

Imports in South-Eastern Asia

In 2022, the amount of zinc oxide and zinc peroxide imported in South-Eastern Asia contracted to X tons, reducing by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, zinc oxide imports declined to $X in 2022. Total imports indicated a strong increase 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 most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Vietnam represented the key importer of zinc oxide and zinc peroxide in South-Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), the Philippines (X tons), Singapore (X tons), Malaysia (X tons) and Indonesia (X tons), together achieving a X% share of total imports.

Vietnam 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, the Philippines (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest zinc oxide importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total imports. The Philippines, Malaysia and Indonesia lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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