Zinc Dust Price in Australia - 2023

Contents:

1. Zinc Dust Price in Australia (CIF) - 2023
2. Zinc Dust Price in Australia (FOB) - 2022
3. Zinc Dust Imports in Australia
4. Zinc Dust Exports in Australia

Zinc Dust Price in Australia (CIF) - 2023

In August 2023, the average zinc dust import price amounted to $3,178 per ton, dropping by -3.5% against the previous month. Over the period under review, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in January 2023 an increase of 19% month-to-month. Over the period under review, average import prices hit record highs at $5,028 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($7,102 per ton), while the price for South Korea ($3,002 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Zinc Dust Price in Australia (FOB) - 2022

In 2022, the average zinc dust export price amounted to $4,992 per ton, shrinking by -5.9% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of 134%. The export price peaked at $5,304 per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +28.1% per year.

Zinc Dust Imports in Australia

In 2022, overseas purchases of zinc dusts decreased by -11% to 1.8K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, zinc dust imports amounted to $7.3M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of $8.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Zinc Dust to Australia in 2022:

1. South Korea (589.0 tons)
2. Belgium (449.8 tons)
3. Malaysia (417.0 tons)
4. United States (252.5 tons)
5. Indonesia (60.0 tons)
6. India (40.0 tons)

Zinc Dust Exports in Australia

For the third consecutive year, Australia recorded decline in shipments abroad of zinc dusts, which decreased by -83.4% to 2 tons in 2022. Over the period under review, exports showed a dramatic decrease. The smallest decline of -22.5% was in 2021.

In value terms, zinc dust exports fell significantly to $10K in 2022. In general, exports recorded a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 18%.

Top Export Markets for Zinc Dust from Australia in 2022:

1. Vietnam (2.0 tons)

Source: IndexBox Market Intelligence Platform