Price for Zinc; Bars, Rods, Profiles and Wire in India - 2023
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in India (FOB) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in India (CIF) - 2022
- Exports of Zinc; Bars, Rods, Profiles and Wire in India
- Imports of Zinc; Bars, Rods, Profiles and Wire in India
Price for Zinc; Bars, Rods, Profiles and Wire in India (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $4,060 per ton in 2022, jumping by 16% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for zinc; bars, rods, profiles and wires increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($4,398 per ton) and Russia ($4,078 per ton), while the average price for exports to Turkey ($3,704 per ton) and Spain ($3,752 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in India (CIF) - 2022
In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $4,978 per ton, picking up by 7.2% against the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2017 when the average import price increased by 45%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($6,989 per ton), while the price for the United Arab Emirates ($3,584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Zinc; Bars, Rods, Profiles and Wire in India
In 2022, overseas shipments of zinc; bars, rods, profiles and wires decreased by -5.4% to 3.4K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 3.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of zinc; bars, rods, profiles and wires expanded significantly to $14M in 2022. The total export value increased at an average annual rate of +12.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Zinc; Bars, Rods, Profiles and Wire in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,216 | 2,548 | 3,811 | 4,108 | 50.0% |
| Thailand | 2,714 | 2,010 | 1,811 | 1,812 | -12.6% |
| South Korea | 0.1 | 0.1 | 353 | 993 | 2049.4% |
| Mexico | 731 | 786 | 825 | 911 | 7.6% |
| Bangladesh | 1,027 | 1,100 | 783 | 724 | -11.0% |
| Turkey | 29.0 | 45.8 | 52.4 | 710 | 190.4% |
| Saudi Arabia | 806 | 395 | 297 | 641 | -7.4% |
| Russia | N/A | 69.1 | 209 | 513 | 172.5% |
| Malaysia | 205 | 110 | 196 | 437 | 28.7% |
| Spain | 229 | 219 | 776 | 402 | 20.6% |
| Germany | 32.6 | 184 | 418 | 330 | 116.3% |
| Vietnam | 249 | 319 | 484 | 274 | 3.2% |
| Brazil | 888 | 359 | 674 | 186 | -40.6% |
| Others | 1,421 | 2,393 | 1,701 | 1,603 | 4.1% |
| Total | 9,547 | 10,539 | 12,389 | 13,644 | 12.6% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from India in 2022:
- United Arab Emirates (1036.1 tons)
- Thailand (447.1 tons)
- Mexico (230.8 tons)
- South Korea (225.7 tons)
- Turkey (191.6 tons)
- Bangladesh (178.8 tons)
- Saudi Arabia (164.7 tons)
- Russia (125.8 tons)
- Malaysia (114.5 tons)
- Spain (107.2 tons)
- Germany (82.9 tons)
- Vietnam (67.9 tons)
- Brazil (46.9 tons)
Imports of Zinc; Bars, Rods, Profiles and Wire in India
In 2022, supplies from abroad of zinc; bars, rods, profiles and wires was finally on the rise to reach 727 tons after two years of decline. Over the period under review, imports, however, showed a deep reduction.
In value terms, imports of zinc; bars, rods, profiles and wires rose notably to $3.6M in 2022. In general, imports, however, continue to indicate a abrupt slump.
| Import of Zinc; Bars, Rods, Profiles and Wire in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,327 | 968 | 837 | 1,341 | 0.4% |
| United Arab Emirates | 74.4 | N/A | 485 | 526 | 91.9% |
| Netherlands | 263 | 61.3 | N/A | 412 | 16.1% |
| Finland | N/A | 95.5 | 213 | 302 | 77.8% |
| Germany | 1,067 | 493 | 563 | 256 | -37.9% |
| South Korea | 280 | 129 | 252 | 244 | -4.5% |
| Belgium | 371 | 561 | 322 | 186 | -20.6% |
| Japan | 788 | 556 | 390 | 155 | -41.8% |
| Others | 56.9 | 162 | 186 | 197 | 51.3% |
| Total | 4,227 | 3,026 | 3,249 | 3,617 | -5.1% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to India in 2022:
- China (280.1 tons)
- United Arab Emirates (146.6 tons)
- Netherlands (69.6 tons)
- Germany (59.1 tons)
- Finland (50.8 tons)
- South Korea (34.9 tons)
- Belgium (32.4 tons)
- Japan (21.1 tons)
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