Price for Zinc; Waste and Scrap in Sri Lanka - 2021

Contents:

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

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

The average zinc; waste and scrap import price stood at $2,663 per ton in 2021, growing by 48% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc; waste and scrap import price increased by +108.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 57%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,793 per ton), while the price for Belgium ($1,074 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average zinc; waste and scrap export price stood at $2,237 per ton in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.5% per year.

Imports of Zinc; Waste and Scrap in Sri Lanka

In 2022, the amount of zinc; waste and scraps imported into Sri Lanka dropped rapidly to 2.2K tons, which is down by -24.6% on the previous year's figure. Overall, imports faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 19%.

In value terms, zinc; waste and scrap imports declined to $6.8M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $7.9M, and then contracted in the following year.

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

1. Belgium (1944.7 tons)
2. France (418.9 tons)
3. Thailand (371.1 tons)
4. United Arab Emirates (346.4 tons)
5. United States (288.5 tons)
6. Taiwan (Chinese) (207.7 tons)
7. Indonesia (158.7 tons)
8. Netherlands (86.1 tons)

Exports of Zinc; Waste and Scrap in Sri Lanka

In 2022, after three years of growth, there was decline in shipments abroad of zinc; waste and scraps, when their volume decreased by -4.2% to 23 tons. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year.

In value terms, zinc; waste and scrap exports declined dramatically to $40K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year.

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

1. Belgium (24.3 tons)

Source: IndexBox Market Intelligence Platform