United Kingdom: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in the UK

The UK zinc ores and concentrates market reduced to $X in 2021, with a decrease of -11% against the previous year. Overall, consumption showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Zinc Ores And Concentrates in the UK

In value terms, zinc ores and concentrates production reached $X in 2021 estimated in export price. Over the period under review, production saw a slight reduction. The growth pace was the most rapid in 2017 with an increase of 2.5%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports from the UK

In 2021, exports of zinc ores and concentrates from the UK shrank modestly to X tons, waning by -2.9% compared with the previous year. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 70% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 70%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for zinc ores and concentrates exports from the UK, accounting for a 92% share of total exports. Moreover, zinc ores and concentrates exports to Poland exceeded the volume sent to the second major destination, Iran (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+79.8% per year) and Italy (+74.9% per year).

In value terms, Poland ($X) remains the key foreign market for zinc ores and concentrates exports from the UK, comprising 87% of total exports. The second position in the ranking was held by Italy ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.8% per year) and Iran (+30.6% per year).

Export Prices by Country

In 2021, the average zinc ores and concentrates export price amounted to $X per ton, rising by 10% against the previous year. In general, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Iran ($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 Poland (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Zinc Ores And Concentrates

Imports into the UK

Zinc ores and concentrates imports into the UK shrank rapidly to X tons in 2021, dropping by -53.8% compared with the previous year. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 1,001,416% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, zinc ores and concentrates imports shrank significantly to $X in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 384,555% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2021, Serbia (X tons) constituted the largest supplier of zinc ores and concentrates to the UK, accounting for a 65% share of total imports. Moreover, zinc ores and concentrates imports from Serbia exceeded the figures recorded by the second-largest supplier, Namibia (X tons), sevenfold. The third position in this ranking was held by Belgium (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+29,458.8% per year) and Belgium (+54.1% per year).

In value terms, Serbia ($X) constituted the largest supplier of zinc ores and concentrates to the UK, comprising 58% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by Bolivia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+61.4% per year) and Bolivia (+5.2% per year).

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of 86%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1,027.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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