Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines - 2023

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines (CIF) - 2022
  2. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines (CIF) - 2022

The average import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs stood at $3,734 per ton in 2022, rising by 26% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs increased by +102.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,085 per ton), while the price for Malaysia ($910 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines

In 2022, imports of zinc; unwrought, (not alloyed), containing by weight less than 99.99% of zincs into the Philippines surged to 1.6K tons, growing by 124% against the previous year's figure. Over the period under review, imports showed 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; unwrought, (not alloyed), containing by weight less than 99.99% of zincs surged to $5.9M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan9072,5131,6893,91262.8%
South Korea1822775.01,460100.2%
China14661.16.688.6-15.3%
Taiwan (Chinese)82.492.379.380.6-0.7%
Australia81.491.478.680.1-0.5%
Malaysia49.558.853.557.75.2%
Singapore36.542.938.741.44.3%
Others99.413614518222.3%
Total1,5843,2712,0955,90255.0%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight Less than 99.99% of Zinc to the Philippines in 2022:

  1. Japan (957.7 tons)
  2. South Korea (373.4 tons)
  3. Taiwan (Chinese) (81.2 tons)
  4. Malaysia (63.4 tons)
  5. China (33.0 tons)
  6. Australia (30.1 tons)
  7. Singapore (22.4 tons)

Source: IndexBox Market Intelligence Platform

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