Price for Zinc; Bars, Rods, Profiles and Wire in Australia - 2024

Contents:

1. Price for Zinc; Bars, Rods, Profiles and Wire in Australia (CIF) - 2022
2. Price for Zinc; Bars, Rods, Profiles and Wire in Australia (FOB) - 2024
3. Imports of Zinc; Bars, Rods, Profiles and Wire in Australia
4. Exports of Zinc; Bars, Rods, Profiles and Wire in Australia

Price for Zinc; Bars, Rods, Profiles and Wire in Australia (CIF) - 2022

The average import price for zinc; bars, rods, profiles and wires stood at $4,457 per ton in 2022, rising by 6.3% against the previous year. Over the period under review, the import price enjoyed slight growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 113% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($8,690 per ton), while the price for China ($2,917 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Bars, Rods, Profiles and Wire in Australia (FOB) - 2024

In December 2023, the average export price for zinc; bars, rods, profiles and wires amounted to $2,113 per ton, with a decrease of -1.8% against the previous month. In general, the export price showed a mild downturn. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 11% m-o-m. Over the period under review, the average export prices hit record highs at $2,573 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Thailand ($3,197 per ton), while the average price for exports to Taiwan (Chinese) ($1,766 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Zinc; Bars, Rods, Profiles and Wire in Australia

In 2022, imports of zinc; bars, rods, profiles and wires into Australia skyrocketed to 150 tons, growing by 17% on the previous year's figure. Over the period under review, imports, however, continue to indicate a slight shrinkage.

In value terms, imports of zinc; bars, rods, profiles and wires soared to $670K in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Australia in 2022:

1. China (63.1 tons)
2. Germany (59.8 tons)
3. India (13.4 tons)
4. United Kingdom (9.6 tons)
5. New Zealand (1.8 tons)

Exports of Zinc; Bars, Rods, Profiles and Wire in Australia

For the fourth consecutive year, Australia recorded growth in overseas shipments of zinc; bars, rods, profiles and wires, which increased by 12% to 25 tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,485% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of zinc; bars, rods, profiles and wires skyrocketed to $148K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 500% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Australia in 2022:

1. Vietnam (19.1 tons)
2. Ghana (3.6 tons)
3. New Caledonia (1.1 tons)
4. New Zealand (0.6 tons)

Source: IndexBox Market Intelligence Platform