Price for Zinc; Dust, Powders and Flakes in the Philippines - 2023

Contents:

  1. Price for Zinc; Dust, Powders and Flakes in the Philippines (CIF) - 2022
  2. Price for Zinc; Dust, Powders and Flakes in the Philippines (FOB) - 2022
  3. Imports of Zinc; Dust, Powders and Flakes in the Philippines
  4. Exports of Zinc; Dust, Powders and Flakes in the Philippines

Price for Zinc; Dust, Powders and Flakes in the Philippines (CIF) - 2022

In 2021, the average import price for zinc; dust, powders and flakeses amounted to $6,892 per ton, waning by -72.6% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2015 when the average import price increased by 306%. The import price peaked at $25,160 per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($33,913 per ton), while the price for Indonesia ($1,102 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Dust, Powders and Flakes in the Philippines (FOB) - 2022

In 2021, the average export price for zinc; dust, powders and flakeses amounted to $74 per ton, reducing by -32.6% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 160% against the previous year. The export price peaked at $986 per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($8,161 per ton), while the average price for exports to Indonesia ($186 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Dust, Powders and Flakes in the Philippines

In 2022, approx. 131 tons of zinc; dust, powders and flakeses were imported into the Philippines; which is down by -18.6% on the year before. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 230%.

In value terms, zinc; dust, powders and flakes imports fell sharply to $738K in 2022. Overall, imports faced a sharp decline. The smallest decline of -9.7% was in 2021.

Import of Zinc; Dust, Powders and Flakes in the Philippines (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Singapore25.746.8378283.5%
Japan67.7138357129.6%
Malaysia10.88.0208338.9%
Indonesia3.21.6130537.4%
Australia34.1N/AN/A0%
Others1,3811,03336.3-83.8%
Total1,5231,2271,109-14.7%

Top Suppliers of Zinc; Dust, Powders and Flakes to the Philippines in 2022:

  1. Indonesia (117.8 tons)
  2. Singapore (75.3 tons)
  3. Malaysia (52.1 tons)
  4. Japan (10.5 tons)

Exports of Zinc; Dust, Powders and Flakes in the Philippines

In 2022, the amount of zinc; dust, powders and flakeses exported from the Philippines soared to 82K tons, increasing by 626% against the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,587% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, zinc; dust, powders and flakes exports skyrocketed to $7M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 4,407% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Export of Zinc; Dust, Powders and Flakes in the Philippines (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Thailand1.10.15412117.7%
India10.54.6157286.7%
Taiwan (Chinese)8.53.5105251.5%
Japan3.40.430.8201.0%
Indonesia0.10.12.6409.9%
China14.95.7N/A-61.7%
Others1784.2N/A-97.6%
Total21618.683796.9%

Top Export Markets for Zinc; Dust, Powders and Flakes from the Philippines in 2022:

  1. Indonesia (undefinedK tons)
  2. Japan (undefinedK tons)
  3. India (0.3K tons)
  4. Taiwan (Chinese) (0.1K tons)
  5. Thailand (0.1K tons)

Source: IndexBox Market Intelligence Platform

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