Zinc Dust Price in the Philippines - 2023

Zinc Dust Price in the Philippines (CIF) - 2022

In 2022, the average zinc dust import price amounted to $4,624 per ton, surging by 2.7% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 182% against the previous year. The import price peaked at $4,728 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($10,320 per ton), while the price for Malaysia ($4,384 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Dust Price in the Philippines (FOB) - 2022

The average zinc dust export price stood at $258 per ton in 2022, waning by -86.1% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7,770% against the previous year. As a result, the export price attained the peak level of $1,856 per ton, and then contracted significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,072 per ton), while the average price for exports to Thailand ($254 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 Thailand (+225.3%), while the prices for the other major destinations experienced mixed trend patterns.

Zinc Dust Imports in the Philippines

In 2022, the amount of zinc dusts imported into the Philippines contracted dramatically to 122 tons, reducing by -15.4% compared with 2021. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 271%. As a result, imports reached the peak of 144 tons, and then reduced markedly in the following year.

In value terms, zinc dust imports declined to $565K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 353% against the previous year. As a result, imports reached the peak of $650K, and then declined in the following year.

Import of Zinc Dust in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	127	56.8	184	281	30.3%
Singapore	31.7	80.9	363	166	73.7%
South Korea	N/A	N/A	N/A	103	0%
Indonesia	26.5	5.8	100	4.2	-45.9%
Others	2.1	0.1	3.1	10.7	72.1%
Total	188	144	650	565	44.3%

Top Suppliers of Zinc Dust to the Philippines in 2022:

Malaysia (64.0 tons)
Singapore (33.6 tons)
South Korea (22.7 tons)
Indonesia (0.8 tons)

Zinc Dust Exports in the Philippines

For the fourth year in a row, the Philippines recorded growth in shipments abroad of zinc dusts, which increased by 6,384% to 23K tons in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, zinc dust exports surged to $5.8M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 17,151% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.