Zinc Dust Price in India - 2023

Contents:

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

Zinc Dust Price in India (FOB) - 2022

In 2022, the average zinc dust export price amounted to $4,024 per ton, increasing by 18% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc dust export price increased by +81.0% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($5,590 per ton), while the average price for exports to Thailand ($3,725 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Dust Price in India (CIF) - 2023

The average zinc dust import price stood at $2,235 per ton in July 2023, shrinking by -14.3% against the previous month. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in January 2023 an increase of 95% against the previous month. As a result, import price reached the peak level of $5,858 per ton. From February 2023 to July 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($3,365 per ton), while the price for Canada ($1,241 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Dust Exports in India

In 2022, shipments abroad of zinc dusts was finally on the rise to reach 4.7K tons after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern.

In value terms, zinc dust exports skyrocketed to $19M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Zinc Dust in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/AN/AN/A3.60%
Turkey1.91.71.82.915.1%
Indonesia1.01.41.82.535.7%
United Arab Emirates2.51.71.32.4-1.4%
Vietnam0.20.81.12.2122.4%
BelgiumN/AN/A1.61.76.3%
Brazil0.10.20.90.9108.0%
Australia0.50.40.30.2-26.3%
Thailand0.70.81.20.1-47.7%
China0.10.1N/AN/A0.0%
Algeria0.9N/AN/AN/A0%
Others2.51.82.72.3-2.7%
Total10.58.812.818.921.6%

Top Export Markets for Zinc Dust from India in 2022:

  1. Canada (892.6 tons)
  2. Turkey (739.9 tons)
  3. Indonesia (638.6 tons)
  4. United Arab Emirates (620.2 tons)
  5. Vietnam (536.1 tons)
  6. Belgium (384.0 tons)
  7. Brazil (229.0 tons)
  8. Australia (40.0 tons)
  9. Thailand (40.0 tons)

Zinc Dust Imports in India

In 2022, the amount of zinc dusts imported into India shrank slightly to 1.7K tons, with a decrease of -4.3% compared with 2021. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 4.8% against the previous year.

In value terms, zinc dust imports soared to $6.4M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Zinc Dust in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia3,2012,0471,7742,314-10.3%
United Arab Emirates1,1658411,4231,2372.0%
United States5556628987068.4%
Saudi ArabiaN/AN/AN/A6530%
China29829858454021.9%
NetherlandsN/AN/AN/A1800%
South Korea11710520517414.1%
MexicoN/AN/AN/A1470%
Costa RicaN/AN/AN/A1190%
New Zealand26.472.391.895.953.7%
Sri Lanka25.467.4N/A86.650.5%
Others23724337.9119-20.5%
Total5,6244,3365,0156,3724.3%

Top Suppliers of Zinc Dust to India in 2022:

  1. Malaysia (539.5 tons)
  2. United Arab Emirates (398.5 tons)
  3. United States (194.1 tons)
  4. Saudi Arabia (130.7 tons)
  5. New Zealand (71.5 tons)
  6. Mexico (68.5 tons)
  7. China (60.0 tons)
  8. Costa Rica (46.6 tons)
  9. South Korea (41.0 tons)
  10. Netherlands (40.0 tons)
  11. Sri Lanka (33.7 tons)

Source: IndexBox Market Intelligence Platform

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