Price for Zinc; Bars, Rods, Profiles and Wire in the United States - 2024
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in the United States (FOB) - 2024
- Price for Zinc; Bars, Rods, Profiles and Wire in the United States (CIF) - 2024
- Exports of Zinc; Bars, Rods, Profiles and Wire in the United States
- Imports of Zinc; Bars, Rods, Profiles and Wire in the United States
Price for Zinc; Bars, Rods, Profiles and Wire in the United States (FOB) - 2024
In December 2023, the average export price for zinc; bars, rods, profiles and wires amounted to $4,188 per ton, growing by 4.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 67% against the previous month. As a result, the export price reached the peak level of $6,898 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Honduras ($5,639 per ton), while the average price for exports to Canada ($3,981 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 Canada (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Zinc; Bars, Rods, Profiles and Wire in the United States (CIF) - 2024
The average import price for zinc; bars, rods, profiles and wires stood at $4,393 per ton in December 2023, picking up by 15% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $4,732 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($10,646 per ton), while the price for India ($3,204 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Zinc; Bars, Rods, Profiles and Wire in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of zinc; bars, rods, profiles and wires, which decreased by -58.8% to 3.4K tons in 2022. In general, exports faced a dramatic decrease. The smallest decline of -8.5% was in 2020.
In value terms, exports of zinc; bars, rods, profiles and wires fell sharply to $23M in 2022. Overall, exports saw a deep slump. The smallest decline of -7% was in 2020.
| Export of Zinc; Bars, Rods, Profiles and Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 9.5 | 0% |
| Canada | 3.5 | 1.8 | 3.2 | 8.8 | 36.0% |
| Mexico | 25.2 | 24.6 | 22.4 | 2.8 | -51.9% |
| Honduras | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| China | 2.1 | 2.2 | 0.7 | N/A | -42.3% |
| Others | 1.4 | 1.1 | 1.3 | 0.9 | -13.7% |
| Total | 32.2 | 30.0 | 27.7 | 22.6 | -11.1% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from the United States in 2022:
- Canada (2027.2 tons)
- Malaysia (744.8 tons)
- Mexico (480.6 tons)
- Honduras (64.3 tons)
- China (3.8 tons)
Imports of Zinc; Bars, Rods, Profiles and Wire in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of zinc; bars, rods, profiles and wires, when their volume decreased by -7.7% to 3.5K tons. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 3.8K tons, and then shrank in the following year.
In value terms, imports of zinc; bars, rods, profiles and wires stood at $16M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +59.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Zinc; Bars, Rods, Profiles and Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 7.4 | 5.5 | 9.3 | 10.7 | 13.1% |
| Germany | 1.6 | 2.6 | 2.8 | 3.4 | 28.6% |
| Turkey | 0.4 | 0.4 | 0.5 | 0.9 | 31.0% |
| Canada | 0.6 | 0.6 | 0.6 | 0.7 | 5.3% |
| China | 0.6 | 0.5 | 0.5 | 0.3 | -20.6% |
| India | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Others | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Total | 11.0 | 10.2 | 14.3 | 16.2 | 13.8% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to the United States in 2022:
- Finland (2428.6 tons)
- Germany (681.9 tons)
- Canada (124.0 tons)
- China (98.7 tons)
- Turkey (95.7 tons)
- India (37.1 tons)
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