Price for Zinc; Plates, Sheets, Strip and Foil in India - 2023

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in India (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in India (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in India
4. Exports of Zinc; Plates, Sheets, Strip and Foil in India

Price for Zinc; Plates, Sheets, Strip and Foil in India (CIF) - 2022

In 2022, the average import price for zinc; plates, sheets, strip and foils amounted to $6,295 per ton, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($6,678 per ton) and France ($6,197 per ton), while the price for China ($6,060 per ton) and Belgium ($6,171 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in India (FOB) - 2022

The average export price for zinc; plates, sheets, strip and foils stood at $3,125 per ton in 2022, surging by 19% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 91%. Over the period under review, the average export prices attained the peak figure at $6,480 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,136 per ton), while the average price for exports to Germany ($1,111 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 Australia (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc; Plates, Sheets, Strip and Foil in India

In 2022, the amount of zinc; plates, sheets, strip and foils imported into India soared to 816 tons, growing by 20% against 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of zinc; plates, sheets, strip and foils soared to $5.1M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 86%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to India in 2022:

1. Belgium (339.8 tons)
2. France (195.1 tons)
3. United States (135.0 tons)
4. China (115.5 tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in India

For the fourth year in a row, India recorded growth in shipments abroad of zinc; plates, sheets, strip and foils, which increased by 2.1% to 102 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of zinc; plates, sheets, strip and foils soared to $318K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.7% 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 +89.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 74%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from India in 2022:

1. Tanzania (79.3 tons)
2. United States (14.4 tons)
3. Lebanon (2.0 tons)
4. Australia (0.5 tons)
5. Philippines (0.1 tons)

Source: IndexBox Market Intelligence Platform