South-Eastern Asia: Zinc Powder Market 2024

Zinc Powder Market Size in South-Eastern Asia

The Southeast Asian zinc powder market stood at $X in 2023, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Zinc Powder Production in South-Eastern Asia

In value terms, zinc powder production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Zinc Powder Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked at X tons in 2022, and then declined modestly in the following year.

In value terms, zinc powder exports shrank slightly to $X in 2023. Total exports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

Thailand was the main exporter of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) in South-Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), the Philippines (X tons) and Indonesia (X tons), together achieving a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. The Philippines (X p.p.), Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest zinc powder supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, stabilizing at the previous year. In general, the export price, however, recorded a mild contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Zinc Powder Imports

Imports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in supplies from abroad of zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets), which increased by X% to X tons in 2023. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc powder imports totaled $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Thailand prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%). Vietnam (X tons) and Malaysia (X tons) took a relatively small share of total imports.

Thailand was also the fastest-growing in terms of the zinc dust, powders and flakes (excluding zinc dust powders or flakes prepared as colours, paints or the like, zinc pellets) imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Malaysia, Indonesia and Singapore saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest zinc powder importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam and Malaysia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform