United Arab Emirates: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in the United Arab Emirates

The zinc ores and concentrates market in the United Arab Emirates reduced remarkably to $X in 2021, which is down by -25.5% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Zinc Ores And Concentrates in the United Arab Emirates

In value terms, zinc ores and concentrates production dropped modestly to $X in 2021 estimated in export price. In general, production saw a slight decline. The pace of growth was the most pronounced in 2014 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports from the United Arab Emirates

In 2021, approx. X tons of zinc ores and concentrates were exported from the United Arab Emirates; with a decrease of -15.4% on the previous year. In general, exports continue to indicate a significant curtailment. The smallest decline of -15.4% was in 2018. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, zinc ores and concentrates exports shrank sharply to $X in 2021. Overall, exports saw a sharp reduction. The smallest decline of -17% was in 2020. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), China (X tons) and India (X kg) were the main destinations of zinc ores and concentrates exports from the United Arab Emirates, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Italy ($X) emerged as the key foreign market for zinc ores and concentrates exports from the United Arab Emirates, comprising 74% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by India, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-54.8% per year) and India (-46.2% per year).

Export Prices by Country

In 2021, the average zinc ores and concentrates export price amounted to $X per ton, which is down by -1.9% against the previous year. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in 2014 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Zinc Ores And Concentrates

Imports into the United Arab Emirates

Zinc ores and concentrates imports into the United Arab Emirates contracted rapidly to X tons in 2021, dropping by -37% on 2020 figures. In general, imports recorded a sharp curtailment. The growth pace was the most rapid in 2015 when imports increased by 11,675% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, zinc ores and concentrates imports declined remarkably to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 13,774% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Morocco (X tons), Oman (X tons) and China (X tons) were the main suppliers of zinc ores and concentrates imports to the United Arab Emirates, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +72.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Uganda ($X) and Oman ($X) were the largest zinc ores and concentrates suppliers to the United Arab Emirates, with a combined 91% share of total imports.

Oman, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2021, picking up by 3.9% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc ores and concentrates import price increased by +9.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Uganda ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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