Europe: Zinc Market 2024

Zinc Market Size in Europe

The Europe zinc market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Zinc Production in Europe

In value terms, zinc production expanded remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2015 when the production volume increased by 74% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Zinc Exports

Exports in Europe

In 2021, shipments abroad of zinc increased by 2.4% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, zinc exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from the Netherlands (X tons), Belgium (X tons) and Spain (X tons), together resulting at 62% of total export. It was distantly followed by Finland (X tons), Norway (X tons) and Germany (X tons), together achieving a 22% share of total exports. France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Spain ($X) were the countries with the highest levels of exports in 2021, together comprising 61% of total exports.

The Netherlands, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, surging by 26% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% 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 an increase of 33% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Norway ($X per ton) and Belgium ($X per ton), while France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.8%), while the other leaders experienced more modest paces of growth.

Zinc Imports

Imports in Europe

In 2021, zinc imports in Europe reached X tons, picking up by 11% on 2020 figures. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 41%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons) and France (X tons) was the major importer of zinc in Europe, mixing up 69% of total import. It was distantly followed by Austria (X tons), achieving a 4.6% share of total imports. The UK (X tons), Poland (X tons), Russia (X tons), Slovakia (X tons), Spain (X tons) and the Czech Republic (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc importing markets in Europe were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 48% of total imports. Italy, France, Austria, the UK, Poland, Russia, Slovakia, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 42%.

Among the main importing countries, Russia, with a CAGR of +43.0%, saw the highest growth rate of 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

In 2021, the import price in Europe amounted to $X per ton, increasing by 25% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% 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 2017 an increase of 39%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Austria ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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