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

Contents:

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

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

In 2022, the average export price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs amounted to $3,631 per ton, growing by 30% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 less than 99.99% of zincs increased by +65.0% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 46%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($3,809 per ton) and Thailand ($3,755 per ton), while the average price for exports to Indonesia ($2,899 per ton) and Spain ($2,945 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 China (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $3,824 per ton in 2022, with an increase of 27% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 less than 99.99% of zincs increased by +56.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 India ($6,000 per ton), while the price for Iran ($3,522 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, overseas shipments of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs decreased by -30% to 30K tons in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 67%.

In value terms, exports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs dropped to $109M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of $120M, and then shrank in the following year.

Export of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
ThailandN/A3.822.161.0300.7%
China26.539.474.524.3-2.8%
Taiwan (Chinese)5.39.212.910.425.2%
India9.73.14.75.5-17.2%
SingaporeN/AN/A1.33.9200.0%
SpainN/AN/AN/A1.50%
Malaysia1.69.73.70.4-37.0%
Others3.50.10.81.9-18.4%
Total46.565.212010932.8%

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

  1. Thailand (16.2K tons)
  2. China (6.4K tons)
  3. Taiwan (Chinese) (3.5K tons)
  4. India (1.6K tons)
  5. Singapore (1.2K tons)
  6. Spain (0.5K tons)
  7. Malaysia (0.1K tons)

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

In 2022, overseas purchases of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs decreased by -68.9% to 6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 349% against the previous year.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs fell notably to $23M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 304%.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran0.313.529.513.0251.2%
South Korea7.114.620.89.510.2%
CongoN/AN/A7.3N/A0%
IndiaN/A1.9N/AN/A0%
OthersN/AN/A0.30.433.3%
Total7.430.057.922.845.5%

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

  1. Iran (3.7K tons)
  2. South Korea (2.2K tons)

Source: IndexBox Market Intelligence Platform

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