ASEAN: Zinc Alloys Market 2024

Zinc Alloys Market Size in ASEAN

In 2022, the ASEAN zinc alloys market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Zinc Alloys Production in ASEAN

In value terms, zinc alloys production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Zinc Alloys Exports

Exports in ASEAN

In 2022, after six years of decline, there was significant growth in overseas shipments of unwrought zinc alloys, when their volume increased by X% to X tons. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc alloys exports soared to $X in 2022. Overall, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporting country with an export of about X tons, which reached X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%), Malaysia (X%) and the Philippines (X%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to zinc alloys exports from Thailand stood at X%. At the same time, the Philippines (X%), Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Vietnam, Indonesia, the Philippines and Singapore increased by X, X, X, X and X percentage points, respectively.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malaysia, Singapore and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Zinc Alloys Imports

Imports in ASEAN

In 2022, supplies from abroad of unwrought zinc alloys decreased by X% to X tons, falling for the third year in a row after three years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, zinc alloys imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons), Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) was the major importer of unwrought zinc alloys in ASEAN, mixing up X% of total import. It was distantly followed by Singapore (X tons), making up a X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc alloys importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc alloys import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per ton) and Singapore ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform