Price for Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates
- Exports of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates
Price for Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $4,049 per ton, surging by 8.1% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; bars, rods, profiles and wires increased by +36.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain 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 the UK ($8,401 per ton), while the price for India ($3,982 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $3,670 per ton, reducing by -11.1% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $4,129 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($11,160 per ton), while the average price for exports to India ($3,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates
In 2022, overseas purchases of zinc; bars, rods, profiles and wires decreased by -6.8% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 131%.
In value terms, imports of zinc; bars, rods, profiles and wires reached $4.3M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 100% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.2 | 2.5 | 3.8 | 4.1 | 50.6% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| China | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.4 | 2.7 | 4.2 | 4.3 | 45.4% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to the United Arab Emirates in 2022:
- India (1037.4 tons)
- United Kingdom (14.9 tons)
- China (3.0 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates
In 2022, approx. 159 tons of zinc; bars, rods, profiles and wires were exported from the United Arab Emirates; waning by -20.8% compared with the year before. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 744% against the previous year. As a result, the exports reached the peak of 201 tons, and then contracted markedly in the following year.
In value terms, exports of zinc; bars, rods, profiles and wires fell sharply to $585K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 788% against the previous year. As a result, the exports reached the peak of $830K, and then dropped dramatically in the following year.
| Export of Zinc; Bars, Rods, Profiles and Wire in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 74.4 | N/A | 485 | 526 | 91.9% |
| Oman | 73.7 | 83.5 | 245 | 44.2 | -15.7% |
| Saudi Arabia | 5.4 | N/A | 62.7 | N/A | 240.8% |
| Others | 2.6 | 10.0 | 37.3 | 14.5 | 77.3% |
| Total | 156 | 93.4 | 830 | 585 | 55.4% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from the United Arab Emirates in 2022:
- India (148.4 tons)
- Oman (9.5 tons)
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