Price for Zinc; Waste and Scrap in the United States - 2023
Contents:
- Price for Zinc; Waste and Scrap in the United States (FOB) - 2023
- Price for Zinc; Waste and Scrap in the United States (CIF) - 2023
- Exports of Zinc; Waste and Scrap in the United States
- Imports of Zinc; Waste and Scrap in the United States
Price for Zinc; Waste and Scrap in the United States (FOB) - 2023
The average zinc; waste and scrap export price stood at $1,221 per ton in August 2023, picking up by 3.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in May 2023 an increase of 19% against the previous month. As a result, the export price attained the peak level of $1,324 per ton. From June 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Italy ($1,857 per ton), while the average price for exports to Taiwan (Chinese) ($572 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Zinc; Waste and Scrap in the United States (CIF) - 2023
The average zinc; waste and scrap import price stood at $1,717 per ton in August 2023, falling by -3.2% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The growth pace was the most rapid in January 2023 an increase of 14% month-to-month. Over the period under review, average import prices attained the maximum at $2,392 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($2,361 per ton), while the price for Canada totaled $1,485 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%).
Exports of Zinc; Waste and Scrap in the United States
Zinc; waste and scrap exports from the United States skyrocketed to 190K tons in 2022, jumping by 196% on 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, zinc; waste and scrap exports soared to $183M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Zinc; Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 13.0 | 10.1 | 24.0 | 35.9% | |
| Taiwan (Chinese) | 9.1 | 3.5 | 13.2 | 20.4% | |
| Malaysia | 1.0 | 1.9 | 10.3 | 220.9% | |
| Japan | 2.4 | 4.2 | 6.1 | 59.4% | |
| Vietnam | N/A | 0.1 | 3.4 | 3300.0% | |
| Luxembourg | 1.7 | 1.8 | 2.5 | 21.3% | |
| United Kingdom | 1.2 | 0.6 | 1.5 | 11.8% | |
| Italy | 3.5 | 2.0 | 1.4 | -36.8% | |
| Canada | 0.7 | 0.3 | 1.1 | 25.4% | |
| Belgium | 0.8 | 0.5 | 1.1 | 17.3% | |
| Hong Kong SAR | 5.5 | 2.3 | N/A | -58.2% | |
| Others | 1.5 | 2.3 | 3.2 | 46.1% | |
| Total | 40.4 | 29.7 | 68.0 | 29.7% | |
Top Export Markets for Zinc; Waste and Scrap from the United States in 2022:
- India (20.6K tons)
- Taiwan (Chinese) (15.6K tons)
- Malaysia (12.0K tons)
- Japan (4.5K tons)
- Vietnam (2.6K tons)
- United Kingdom (1.6K tons)
- Luxembourg (1.5K tons)
- Italy (1.2K tons)
- Canada (1.1K tons)
- Belgium (0.9K tons)
- Hong Kong SAR (0.1K tons)
Imports of Zinc; Waste and Scrap in the United States
After three years of growth, supplies from abroad of zinc; waste and scraps decreased by -13% to 11K tons in 2022. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of 13K tons, and then reduced in the following year.
In value terms, zinc; waste and scrap imports expanded sharply to $23M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Zinc; Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | 10.7 | 9.8 | 12.5 | 8.1% | |
| Mexico | 6.5 | 5.9 | 8.7 | 15.7% | |
| United Kingdom | N/A | N/A | 0.2 | 0% | |
| Others | 1.2 | 0.1 | 0.1 | -71.1% | |
| Total | 18.4 | 15.8 | 21.5 | 8.1% | |
Top Suppliers of Zinc; Waste and Scrap to the United States in 2022:
- Canada (7.3K tons)
- Mexico (4.8K tons)
- United Kingdom (0.4K tons)
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