Europe: Zinc Market 2024

Zinc Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe zinc market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2022, and then shrank in the following year.

Zinc Production in Europe

In value terms, zinc production expanded rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Zinc Exports

Exports in Europe

Zinc exports rose markedly to X tons in 2023, picking up by X% against the previous year's figure. Total exports indicated slight growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, zinc exports declined modestly to $X in 2023. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, the Netherlands (X tons), Belgium (X tons), Spain (X tons) and Finland (X tons) was the major exporter of unwrought zinc in Europe, mixing up X% of total export. It was distantly followed by Norway (X tons), mixing up a X% share of total exports. The following exporters - Poland (X tons) and Bulgaria (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc supplying countries in Europe were the Netherlands ($X), Belgium ($X) and Spain ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, waning by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price 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, zinc export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Belgium ($X per ton) and Poland ($X per ton), while Spain ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

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

Zinc Imports

Imports in Europe

In 2023, after four years of growth, there was decline in overseas purchases of unwrought zinc, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then contracted modestly in the following year.

In value terms, zinc imports dropped markedly to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

The purchases of the three major importers of unwrought zinc, namely Germany, the Netherlands and Belgium, represented more than half of total import. Italy (X tons) held the next position in the ranking, followed by France (X tons). All these countries together took near X% share of total imports. The following importers - the UK (X tons), Austria (X tons), Russia (X tons), Slovakia (X tons) and Poland (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zinc importing markets in Europe were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, France, Russia, the UK, Austria, Slovakia and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Europe stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated notable growth from 2012 to 2023: its price 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, zinc import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in France ($X per ton) and Slovakia ($X per ton), while the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform