Switzerland: Zinc Market 2025

Zinc Market Size in Switzerland

The Swiss zinc market surged to $X in 2022, picking up by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Zinc consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Zinc Exports

Exports from Switzerland

In 2022, the amount of zinc, unwrought (not alloyed) exported from Switzerland amounted to X tons, growing by 7.8% compared with the previous year. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 193% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, zinc exports surged to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 305%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Belgium (X tons) and Austria (X tons) were the main destinations of zinc exports from Switzerland, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +115.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zinc exported from Switzerland were Italy ($X), Belgium ($X) and Austria ($X), with a combined 90% share of total exports.

Italy, with a CAGR of +131.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zinc export price stood at $X per ton in 2022, rising by 19% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 49%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Switzerland

In 2022, zinc imports into Switzerland rose slightly to X tons, increasing by 4.2% compared with the previous year. In general, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 37%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, zinc imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +125.4% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of zinc to Switzerland, accounting for a 46% share of total imports. Moreover, zinc imports from Norway exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Finland (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.4% per year) and Finland (-18.4% per year).

In value terms, Norway ($X) constituted the largest supplier of zinc, unwrought (not alloyed) to Switzerland, comprising 45% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Sweden, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Norway amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.8% per year) and Sweden (+18.0% per year).

Import Prices by Country

In 2022, the average zinc import price amounted to $X per ton, jumping by 21% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +35.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 76%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Peru ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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