Price for Zinc; Bars, Rods, Profiles and Wire in Hong Kong SAR - 2023

Contents:

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

Price for Zinc; Bars, Rods, Profiles and Wire in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $6,366 per ton, increasing by 71% against the previous year. Overall, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.4% per year.

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

In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $4,401 per ton, picking up by 6.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 23%. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,584 per ton), while the price for Belgium amounted to $4,361 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%).

Exports of Zinc; Bars, Rods, Profiles and Wire in Hong Kong SAR

After three years of growth, shipments abroad of zinc; bars, rods, profiles and wires decreased by -88% to 69 tons in 2022. Overall, exports showed a sharp decline. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of 580 tons, and then reduced sharply in the following year.

In value terms, exports of zinc; bars, rods, profiles and wires fell dramatically to $442K in 2022. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, the exports attained the peak of $2.2M, and then dropped markedly in the following year.

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

1. China (69.4 tons)

Imports of Zinc; Bars, Rods, Profiles and Wire in Hong Kong SAR

In 2022, supplies from abroad of zinc; bars, rods, profiles and wires decreased by -80.1% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of 68 tons, and then fell markedly in the following year.

In value terms, imports of zinc; bars, rods, profiles and wires reduced rapidly to $59K in 2022. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $280K, and then dropped sharply in the following year.

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Hong Kong SAR in 2022:

1. Belgium (11.0 tons)
2. China (2.4 tons)

Source: IndexBox Market Intelligence Platform