United Kingdom: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in the UK

The UK articles of zinc market was estimated at $X in 2021, picking up by 1.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Articles of zinc consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Articles Of Zinc Production in the UK

In value terms, articles of zinc production contracted modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31% against the previous year. Articles of zinc production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Articles Of Zinc Exports

Exports from the UK

In 2021, overseas shipments of articles of zinc decreased by -14.6% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 204% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, articles of zinc exports reached $X in 2021. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 150%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of articles of zinc exports from the UK, together comprising 65% of total exports. Romania, Poland, Australia, Germany, India, Ireland, Spain, Italy and Slovakia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Australia ($X) constituted the largest markets for articles of zinc exported from the UK worldwide, together comprising 68% of total exports. These countries were followed by India, the Netherlands, Romania, Poland, Germany, Ireland, Spain, Italy and Slovakia, which together accounted for a further 21%.

Among the main countries of destination, India, with a CAGR of +36.4%, saw the highest growth rate of 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

The average articles of zinc export price stood at $X per ton in 2021, with an increase of 21% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 India (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into the UK

In 2021, purchases abroad of articles of zinc was finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, articles of zinc imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of articles of zinc to the UK, with a 46% share of total imports. Moreover, articles of zinc imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.2% per year) and Belgium (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of articles of zinc to the UK, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and Malaysia (+83.6% per year).

Import Prices by Country

In 2021, the average articles of zinc import price amounted to $X per ton, rising by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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