Price for Zinc; Powders and Flakes in India - 2023

Contents:

1. Price for Zinc; Powders and Flakes in India (CIF) - 2022
2. Price for Zinc; Powders and Flakes in India (FOB) - 2022
3. Imports of Zinc; Powders and Flakes in India
4. Exports of Zinc; Powders and Flakes in India

Price for Zinc; Powders and Flakes in India (CIF) - 2022

In 2022, the average zinc; powders and flakes import price amounted to $2,848 per ton, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 Belgium ($3,456 per ton), while the price for Portugal ($2,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Powders and Flakes in India (FOB) - 2022

The average zinc; powders and flakes export price stood at $2,838 per ton in 2022, with an increase of 16% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; powders and flakes export price increased by +30.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $3,644 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($4,854 per ton), while the average price for exports to Taiwan (Chinese) totaled $2,819 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+9.2%).

Imports of Zinc; Powders and Flakes in India

In 2022, the amount of zinc; powders and flakeses imported into India was estimated at 2.2K tons, almost unchanged from 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year.

In value terms, zinc; powders and flakes imports surged to $6.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Zinc; Powders and Flakes to India in 2022:

1. United Arab Emirates (837.2 tons)
2. Taiwan (Chinese) (236.8 tons)
3. Belgium (218.6 tons)
4. Thailand (216.0 tons)
5. Kenya (188.1 tons)
6. United States (95.9 tons)
7. South Korea (91.0 tons)
8. Malaysia (84.2 tons)
9. Portugal (79.4 tons)
10. New Zealand (73.6 tons)
11. Sri Lanka (38.1 tons)

Exports of Zinc; Powders and Flakes in India

In 2022, the amount of zinc; powders and flakeses exported from India surged to 647 tons, growing by 23% against the previous year. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 423%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, zinc; powders and flakes exports skyrocketed to $1.8M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 489%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Zinc; Powders and Flakes from India in 2022:

1. Taiwan (Chinese) (637.1 tons)

Source: IndexBox Market Intelligence Platform