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Vietnam - Zinc - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVietnam: Zinc Market 2024
Zinc Market Size in Vietnam
In 2021, the Vietnamese zinc market increased by 41% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Zinc Production in Vietnam
In value terms, zinc production soared to $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.
Zinc Exports
Exports from Vietnam
In 2021, the amount of zinc exported from Vietnam skyrocketed to X tons, increasing by 426% on the previous year. In general, exports, however, showed a abrupt curtailment. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, zinc exports soared to $X in 2021. Overall, exports, however, showed a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Japan (X tons) was the main destination for zinc exports from Vietnam, with a 48% share of total exports. Moreover, zinc exports to Japan exceeded the volume sent to the second major destination, China (X tons), threefold. India (X tons) ranked third in terms of total exports with a 6.5% share.
From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+107.9% per year) and India (+14.0% per year).
In value terms, Japan ($X) remains the key foreign market for zinc exports from Vietnam, comprising 55% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by India, with a 7% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+112.2% per year) and India (+16.1% per year).
Export Prices by Country
The average zinc export price stood at $X per ton in 2021, falling by -7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Cambodia ($X per ton) and South Korea ($X per ton), while the average price for exports to India ($X per ton) and China ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Zinc Imports
Imports into Vietnam
For the third year in a row, Vietnam recorded growth in purchases abroad of zinc, which increased by 23% to X tons in 2021. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.
In value terms, zinc imports surged to $X in 2021. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
South Korea (X tons), Australia (X tons) and Japan (X tons) were the main suppliers of zinc imports to Vietnam, together accounting for 63% of total imports. These countries were followed by Taiwan (Chinese), India, China and Kazakhstan, which together accounted for a further 7.3%.
From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($X), Australia ($X) and Japan ($X) were the largest zinc suppliers to Vietnam, together comprising 53% of total imports. India, Taiwan (Chinese), Kazakhstan and China lagged somewhat behind, together comprising a further 6.6%.
China, with a CAGR of +23.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average zinc import price stood at $X per ton in 2021, jumping by 26% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 40% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Kazakhstan ($X per ton) and India ($X per ton), while the price for Japan ($X per ton) and South Korea ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the zinc market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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