Czech Republic: Zinc Market 2024

Zinc Market Size in the Czech Republic

The Czech zinc market skyrocketed to $X in 2021, surging by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a resilient expansion. Zinc consumption peaked in 2021 and is expected to retain growth in the near future.

Zinc Exports

Exports from the Czech Republic

For the fourth consecutive year, the Czech Republic recorded decline in overseas shipments of zinc, which decreased by -28.7% to X tons in 2021. Overall, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 428%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, zinc exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 524% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Slovakia (X tons) were the main destinations of zinc exports from the Czech Republic, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of -1.9%), while shipments for the other leaders experienced a decline.

In value terms, Austria ($X) remains the key foreign market for zinc exports from the Czech Republic, comprising 61% of total exports. The second position in the ranking was taken by Germany ($X), with a 24% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Austria amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-21.1% per year) and Slovakia (-23.8% per year).

Export Prices by Country

The average zinc export price stood at $X per ton in 2021, jumping by 18% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc export price increased by +32.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Croatia ($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 Bulgaria (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into the Czech Republic

In 2021, imports of zinc into the Czech Republic amounted to X tons, increasing by 11% compared with 2020 figures. Overall, imports posted a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of 150%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, zinc imports soared to $X in 2021. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 177% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of zinc imports to the Czech Republic, together accounting for 66% of total imports. These countries were followed by Belgium, Austria, Luxembourg, the Netherlands and Finland, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +62.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc suppliers to the Czech Republic were Poland ($X), Germany ($X) and Slovakia ($X), with a combined 65% share of total imports. Belgium, Austria, Luxembourg, the Netherlands and Finland lagged somewhat behind, together accounting for a further 32%.

Luxembourg, with a CAGR of +72.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average zinc import price amounted to $X per ton, rising by 27% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Germany ($X per ton), while the price for Finland ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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