Price for Zinc; Bars, Rods, Profiles and Wire in Indonesia - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Indonesia (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Indonesia (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Indonesia
- Exports of Zinc; Bars, Rods, Profiles and Wire in Indonesia
Price for Zinc; Bars, Rods, Profiles and Wire in Indonesia (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $3,238 per ton in 2022, picking up by 4.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 31%. The import price peaked at $3,645 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($4,940 per ton), while the price for China ($2,394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in Indonesia (FOB) - 2022
In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $2,595 per ton, picking up by 18% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($9,954 per ton), while the average price for exports to Timor-Leste ($784 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 Taiwan (Chinese) (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in Indonesia
In 2022, imports of zinc; bars, rods, profiles and wires into Indonesia shrank dramatically to 224 tons, which is down by -27.2% compared with 2021 figures. Overall, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of 308 tons, and then dropped sharply in the following year.
In value terms, imports of zinc; bars, rods, profiles and wires fell rapidly to $725K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports attained the peak of $957K, and then declined significantly in the following year.
| Import of Zinc; Bars, Rods, Profiles and Wire in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 521 | 272 | 425 | 307 | -16.2% |
| Singapore | 5.6 | 16.8 | 101 | 161 | 206.3% |
| Vietnam | 2.8 | 30.8 | 73.1 | 115 | 245.0% |
| South Korea | 63.2 | 73.7 | 92.3 | 46.2 | -9.9% |
| Japan | 67.5 | 59.9 | 155 | 37.2 | -18.0% |
| United States | 25.8 | 30.6 | 35.5 | 17.9 | -11.5% |
| Malaysia | 22.8 | 2.0 | 10.2 | 1.3 | -61.5% |
| Others | 35.7 | 53.3 | 63.8 | 40.3 | 4.1% |
| Total | 744 | 539 | 957 | 725 | -0.9% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Indonesia in 2022:
- China (128.1 tons)
- Singapore (32.5 tons)
- Vietnam (29.3 tons)
- South Korea (12.5 tons)
- Japan (8.5 tons)
- United States (7.3 tons)
- Malaysia (0.3 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Indonesia
In 2022, approx. 102 tons of zinc; bars, rods, profiles and wires were exported from Indonesia; growing by 2.3% against the year before. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 191%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, exports of zinc; bars, rods, profiles and wires surged to $264K in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 258%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Zinc; Bars, Rods, Profiles and Wire in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.0 | 58.2 | 122 | 121 | 105.2% |
| Malaysia | 2.0 | 12.4 | 30.5 | 89.8 | 255.4% |
| Japan | 4.9 | 17.1 | 23.8 | 21.0 | 62.4% |
| India | 8.1 | 22.9 | 25.6 | 18.2 | 31.0% |
| Timor-Leste | 1.0 | 4.0 | 6.6 | 8.7 | 105.7% |
| Others | 5.7 | 12.5 | 10.7 | 5.7 | 0.0% |
| Total | 35.6 | 127 | 219 | 264 | 95.0% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Indonesia in 2022:
- China (67.5 tons)
- Timor-Leste (11.1 tons)
- Malaysia (9.0 tons)
- India (6.9 tons)
- Japan (5.6 tons)
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