Price for Zinc; Waste and Scrap in Indonesia - 2022

Contents:

1. Price for Zinc; Waste and Scrap in Indonesia (FOB) - 2022
2. Price for Zinc; Waste and Scrap in Indonesia (CIF) - 2022
3. Exports of Zinc; Waste and Scrap in Indonesia
4. Imports of Zinc; Waste and Scrap in Indonesia

Price for Zinc; Waste and Scrap in Indonesia (FOB) - 2022

The average zinc; waste and scrap export price stood at $2,295 per ton in March 2022, surging by 4.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The pace of growth appeared the most rapid in November 2021 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices attained the maximum in March 2022.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Singapore ($2,595 per ton), while the average price for exports to South Korea ($1,432 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Zinc; Waste and Scrap in Indonesia (CIF) - 2022

The average zinc; waste and scrap import price stood at $890 per ton in 2021, increasing by 177% against the previous year. Overall, the import price recorded a slight increase. Over the period under review, average import prices reached the maximum at $1,498 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +40.5% per year.

Exports of Zinc; Waste and Scrap in Indonesia

In 2022, approx. 8.3K tons of zinc; waste and scraps were exported from Indonesia; jumping by 23% against 2021 figures. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc; waste and scrap exports soared to $20M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Zinc; Waste and Scrap from Indonesia in 2022:

1. India (5.2K tons)
2. China (0.7K tons)
3. Malaysia (0.4K tons)
4. Hong Kong SAR (0.2K tons)
5. Singapore (0.1K tons)

Imports of Zinc; Waste and Scrap in Indonesia

Zinc; waste and scrap imports into Indonesia soared to 723 tons in 2022, increasing by 64% compared with the year before. Over the period under review, imports, however, saw a perceptible slump.

In value terms, zinc; waste and scrap imports shrank to $358K in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $393K, and then shrank in the following year.

Top Suppliers of Zinc; Waste and Scrap to Indonesia in 2022:

1. Singapore (0.4 tons)

Source: IndexBox Market Intelligence Platform