Price for Zinc; Bars, Rods, Profiles and Wire in Canada - 2024
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Canada (CIF) - 2024
- Price for Zinc; Bars, Rods, Profiles and Wire in Canada (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Canada
- Exports of Zinc; Bars, Rods, Profiles and Wire in Canada
Price for Zinc; Bars, Rods, Profiles and Wire in Canada (CIF) - 2024
The average import price for zinc; bars, rods, profiles and wires stood at $4,025 per ton in December 2023, approximately reflecting the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 an increase of 43% m-o-m. As a result, import price attained the peak level of $5,737 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($4,304 per ton), while the price for the United States ($3,903 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Zinc; Bars, Rods, Profiles and Wire in Canada (FOB) - 2022
The average export price for zinc; bars, rods, profiles and wires stood at $5,018 per ton in 2022, picking up by 11% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for zinc; bars, rods, profiles and wires decreased by -28.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 55%. The export price peaked at $6,989 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,480 per ton), while the average price for exports to Australia ($2,052 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced a decline.
Imports of Zinc; Bars, Rods, Profiles and Wire in Canada
In 2022, approx. 2.2K tons of zinc; bars, rods, profiles and wires were imported into Canada; rising by 152% against the year before. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of zinc; bars, rods, profiles and wires soared to $9.6M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Zinc; Bars, Rods, Profiles and Wire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 1.2 | 2.5 | 8.2 | 60.1% |
| Germany | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
| Finland | 0.6 | 0.5 | 0.6 | 0.5 | -5.9% |
| China | 0.9 | 0.1 | 0.1 | 0.1 | -51.9% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 3.8 | 2.0 | 3.5 | 9.6 | 36.2% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Canada in 2022:
- United States (1986.8 tons)
- Germany (125.8 tons)
- Finland (82.0 tons)
- China (5.9 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Canada
In 2022, overseas shipments of zinc; bars, rods, profiles and wires decreased by -15.2% to 151 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. 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 most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports attained the peak of 177 tons, and then dropped significantly in the following year.
In value terms, exports of zinc; bars, rods, profiles and wires shrank to $755K in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $804K, and then declined in the following year.
| Export of Zinc; Bars, Rods, Profiles and Wire in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 669 | 614 | 622 | 683 | 0.7% |
| Thailand | N/A | N/A | 68.4 | 55.4 | -19.0% |
| Germany | 3.2 | 3.9 | 1.3 | 7.3 | 31.6% |
| Australia | 8.2 | 9.2 | 2.5 | 3.9 | -21.9% |
| Indonesia | N/A | N/A | 30.9 | N/A | 0% |
| Pakistan | N/A | 7.5 | 51.8 | N/A | 590.7% |
| Others | 16.7 | 4.5 | 27.2 | 5.6 | -30.5% |
| Total | 697 | 639 | 804 | 755 | 2.7% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Canada in 2022:
- United States (124.7 tons)
- Thailand (19.5 tons)
- Germany (2.5 tons)
- Australia (1.9 tons)
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