Price for Zinc; Waste and Scrap in the UK - 2023

Contents:

1. Price for Zinc; Waste and Scrap in the UK (FOB) - 2023
2. Price for Zinc; Waste and Scrap in the UK (CIF) - 2023
3. Exports of Zinc; Waste and Scrap in the UK
4. Imports of Zinc; Waste and Scrap in the UK

Price for Zinc; Waste and Scrap in the UK (FOB) - 2023

In June 2023, the average zinc; waste and scrap export price amounted to $2,370 per ton, shrinking by -14.3% against the previous month. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in April 2023 when the average export price increased by 66% against the previous month. As a result, the export price reached the peak level of $3,293 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Thailand ($3,344 per ton), while the average price for exports to Sri Lanka ($1,988 per ton) was amongst the lowest.

From August 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Zinc; Waste and Scrap in the UK (CIF) - 2023

The average zinc; waste and scrap import price stood at $2,203 per ton in June 2023, growing by 25% against the previous month. Over the period under review, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in March 2023 an increase of 52% m-o-m. The import price peaked at $2,889 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($2,849 per ton), while the price for Ireland ($1,534 per ton) was amongst the lowest.

From August 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Zinc; Waste and Scrap in the UK

In 2022, zinc; waste and scrap exports from the UK dropped to 7.1K tons, falling by -10.5% against the year before. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +51.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 7.9K tons, and then reduced in the following year.

In value terms, zinc; waste and scrap exports expanded significantly to $19M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 99.9%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Belgium (3387.1 tons)
2. India (2042.3 tons)
3. Malaysia (401.2 tons)
4. Luxembourg (282.5 tons)
5. Taiwan (Chinese) (226.5 tons)
6. Sri Lanka (150.5 tons)
7. Israel (125.0 tons)
8. France (69.7 tons)

Imports of Zinc; Waste and Scrap in the UK

After three years of growth, overseas purchases of zinc; waste and scraps decreased by -71.9% to 473 tons in 2022. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of 1.7K tons, and then dropped remarkably in the following year.

In value terms, zinc; waste and scrap imports declined markedly to $938K in 2022. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of $2.2M, and then contracted markedly in the following year.

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

1. Netherlands (228.5 tons)
2. Ireland (201.0 tons)
3. Belgium (24.7 tons)
4. China (10.5 tons)
5. United States (4.5 tons)

Source: IndexBox Market Intelligence Platform