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Australia - Zinc Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Zinc Ore Exports Plummet to $1.4 Billion in 2023
Australia Zinc Ore Exports
In 2023, shipments abroad of zinc ores and concentrates decreased by -1.8% to 2M tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at 3.2M tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
In value terms, zinc ores and concentrates exports dropped significantly to $1.4B (IndexBox estimates) in 2023. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. The exports peaked at $2.1B in 2022, and then shrank rapidly in the following year.
COUNTRY | Export Value of Zinc Ore in Australia (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
China | 522 | 586 | 689 | 388 | 565 | 859 | 939 | 814 | 963 | 1,174 | 854 |
South Korea | 211 | 281 | 289 | 267 | 415 | 535 | 334 | 263 | 524 | 427 | 234 |
Canada | 48.0 | 12.9 | 36.0 | N/A | N/A | 21.1 | 34.0 | 14.3 | 66.6 | 51.9 | 193 |
Japan | 154 | 157 | 151 | 99.3 | 157 | 155 | 133 | 82.5 | 149 | 224 | 97.0 |
Spain | 71.9 | 139 | 66.5 | 67.3 | 131 | 154 | 60.4 | 77.6 | 105 | 108 | 9.4 |
Germany | 48.0 | 49.5 | 31.3 | 41.4 | 67.9 | 79.2 | 70.7 | 46.6 | 61.7 | 45.5 | 9.0 |
Belgium | 127 | 194 | 34.4 | N/A | 10.1 | 25.8 | 84.1 | 7.8 | 9.0 | N/A | 8.7 |
Others | 181 | 184 | 247 | 35.6 | 33.7 | 24.0 | 58.7 | 27.9 | 43.6 | 50.3 | 13.8 |
Total | 1,363 | 1,602 | 1,544 | 898 | 1,380 | 1,853 | 1,713 | 1,334 | 1,921 | 2,081 | 1,418 |
Exports by Country
China (1.2M tons) was the main destination for zinc ores and concentrates exports from Australia, accounting for a 59% share of total exports. Moreover, zinc ores and concentrates exports to China exceeded the volume sent to the second major destination, South Korea (335K tons), fourfold. The third position in this ranking was taken by Canada (304K tons), with a 15% share.
From 2013 to 2023, the average annual growth rate of volume to China totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-4.5% per year) and Canada (+11.1% per year).
In value terms, China ($854M) remains the key foreign market for zinc ores and concentrates exports from Australia, comprising 60% of total exports. The second position in the ranking was taken by South Korea ($234M), with a 16% share of total exports. It was followed by Canada, with a 14% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.0% per year) and Canada (+14.9% per year).
Export Prices by Country
In 2023, the zinc ore price amounted to $708 per ton (FOB, Australia), falling by -30.6% against the previous year. Over the period under review, the export price, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the maximum at $1,020 per ton in 2022, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($759 per ton), while the average price for exports to Belgium ($453 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for zinc ores and concentrates in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07291520 -
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023