Belgium: Zinc Market 2024

Zinc Market Size in Belgium

The Belgian zinc market contracted slightly to $X in 2021, waning by -2.1% against the previous year. Over the period under review, consumption faced a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Zinc Production in Belgium

In value terms, zinc production fell markedly to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The growth pace was the most rapid in 2013 when the production volume increased by 7.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Zinc Exports

Exports from Belgium

Zinc exports from Belgium was estimated at X tons in 2021, picking up by 2% compared with 2020. In general, exports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 378%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, zinc exports skyrocketed to $X in 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 322% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main destinations of zinc exports from Belgium, together accounting for 53% of total exports. The Netherlands, Austria, Turkey, Spain, Luxembourg, Egypt, Poland, Saudi Arabia and Sweden lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +258.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the largest markets for zinc exported from Belgium worldwide, together accounting for 52% of total exports. The Netherlands, Austria, Turkey, Spain, Luxembourg, Egypt, Poland, Sweden and Saudi Arabia lagged somewhat behind, together comprising a further 34%.

Saudi Arabia, with a CAGR of +202.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zinc export price stood at $X per ton in 2021, increasing by 33% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Spain ($X per ton), while the average price for exports to Germany ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Belgium

In 2021, purchases abroad of zinc increased by 6.6% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, zinc imports soared to $X in 2021. Over the period under review, imports showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), France (X tons) and Peru (X tons) were the main suppliers of zinc imports to Belgium, together comprising 80% of total imports. These countries were followed by Finland, Spain, Mexico, the UK, Sweden, Germany and Luxembourg, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to Belgium were the Netherlands ($X), France ($X) and Peru ($X), with a combined 82% share of total imports. Spain, Finland, Mexico, the UK, Germany, Sweden and Luxembourg lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +49.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average zinc import price stood at $X per ton in 2021, jumping by 19% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 55% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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