Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates - 2022

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (CIF) - 2022
  2. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (FOB) - 2022
  3. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates
  4. Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs amounted to $3,708 per ton, picking up by 20% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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; unwrought, (not alloyed), containing by weight 99.99% or more of zincs increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,050 per ton), while the price for Malaysia ($2,422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs amounted to $3,598 per ton, growing by 27% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs increased by +61.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 35%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($3,785 per ton) and India ($3,533 per ton), while the average price for exports to Malaysia ($2,789 per ton) and Spain ($2,809 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates

In 2022, approx. 62K tons of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs were imported into the United Arab Emirates; with a decrease of -14.4% on 2021 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 72K tons, and then fell in the following year.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs stood at $229M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +79.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 75%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India28.719.310718485.8%
PeruN/A4.76.710.952.3%
Brazil11.64.3N/A8.5-9.8%
SingaporeN/A3.1N/A7.555.5%
TurkeyN/AN/AN/A7.10%
Australia7.734.040.86.5-5.5%
ChinaN/AN/AN/A2.70%
South Korea45.911.92.60.2-83.7%
Spain40.423.17.0N/A-58.4%
ItalyN/A5.013.9N/A178.0%
Namibia15.3N/AN/AN/A0%
OmanN/A9.819.3N/A96.9%
IranN/A4.87.5N/A56.3%
Others6.87.518.22.1-32.4%
Total15612722322913.7%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc to the United Arab Emirates in 2022:

  1. India (48.3K tons)
  2. Peru (3.1K tons)
  3. Brazil (2.4K tons)
  4. Singapore (2.3K tons)
  5. Turkey (2.1K tons)
  6. Australia (1.9K tons)
  7. China (0.9K tons)

Exports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas shipments of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs, when their volume decreased by -58.9% to 12K tons. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 211%.

In value terms, exports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs fell sharply to $41M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 159% against the previous year.

Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Oman9.926.745.626.238.3%
India6.93.99.97.11.0%
Pakistan1.10.51.22.429.7%
SpainN/AN/AN/A2.10%
Singapore0.90.5N/A1.313.0%
Malaysia1.011.915.81.13.2%
ThailandN/A7.51.2N/A-84.0%
ChinaN/AN/A5.5N/A0%
OthersN/A0.60.51.452.8%
Total19.951.579.741.527.8%

Top Export Markets for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc from the United Arab Emirates in 2022:

  1. Oman (6.9K tons)
  2. India (2.0K tons)
  3. Spain (0.8K tons)
  4. Pakistan (0.7K tons)
  5. Singapore (0.4K tons)
  6. Malaysia (0.4K tons)

Source: IndexBox Market Intelligence Platform

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