Zinc Dust Price in South Korea - 2022

Zinc Dust Price in South Korea (FOB) - 2022

In December 2022, the average zinc dust export price amounted to $3,585 per ton, declining by -2.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 7.4% against the previous month. Over the period under review, the average export prices hit record highs at $4,838 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Russia ($4,319 per ton), while the average price for exports to Vietnam ($1,295 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Zinc Dust Price in South Korea (CIF) - 2022

In 2022, the average zinc dust import price amounted to $4,466 per ton, picking up by 27% against the previous year. Over the period under review, the import price recorded a strong increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 70%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Vietnam ($10,000 per ton), while the price for Malaysia ($3,900 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Zinc Dust Exports in South Korea

In 2022, shipments abroad of zinc dusts decreased by -18% to 8.8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports reached the peak of 11K tons, and then dropped remarkably in the following year.

In value terms, zinc dust exports declined modestly to $36M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of $38M, and then dropped modestly in the following year.

Export of Zinc Dust in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	4.3	2.2	9.8	16.1	55.3%
China	6.5	8.4	15.2	9.3	12.7%
Australia	1.3	1.6	2.1	2.6	26.0%
Vietnam	1.9	3.5	3.5	2.1	3.4%
Taiwan (Chinese)	1.6	1.9	3.2	1.9	5.9%
Russia	2.2	1.6	1.6	1.7	-8.2%
Morocco	0.9	0.8	0.8	0.9	0.0%
Others	0.9	1.0	1.3	1.6	21.1%
Total	19.5	21.0	37.7	36.1	22.8%

Top Export Markets for Zinc Dust from South Korea in 2022:

Japan (3.8K tons)
China (2.3K tons)
Australia (0.6K tons)
Vietnam (0.6K tons)
Taiwan (Chinese) (0.5K tons)
Russia (0.3K tons)
Morocco (0.2K tons)

Zinc Dust Imports in South Korea

In 2022, purchases abroad of zinc dusts decreased by -84.7% to 61 tons, falling for the second year in a row after two years of growth. In general, imports showed a precipitous descent. The growth pace was the most rapid in 2020 when imports increased by 141%. As a result, imports attained the peak of 580 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, zinc dust imports dropped dramatically to $274K in 2022. Over the period under review, imports faced a sharp decline. The growth pace was the most rapid in 2020 with an increase of 94% against the previous year. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports failed to regain momentum.