Price for Zinc; Plates, Sheets, Strip and Foil in the United Arab Emirates - 2022

Contents:

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

Price for Zinc; Plates, Sheets, Strip and Foil in the United Arab Emirates (FOB) - 2022

The average export price for zinc; plates, sheets, strip and foils stood at $1,408 per ton in 2022, increasing by 87% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $2,366 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Nigeria ($14,101 per ton), while the average price for exports to Mauritania ($169 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 Nigeria (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in the United Arab Emirates (CIF) - 2022

The average import price for zinc; plates, sheets, strip and foils stood at $5,499 per ton in 2022, with an increase of 21% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 164% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($15,895 per ton), while the price for the United States ($2,575 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Zinc; Plates, Sheets, Strip and Foil in the United Arab Emirates

In 2022, overseas shipments of zinc; plates, sheets, strip and foils were finally on the rise to reach 117 tons after two years of decline. Overall, exports, however, saw a dramatic downturn.

In value terms, exports of zinc; plates, sheets, strip and foils contracted significantly to $74K in 2022. In general, exports, however, recorded a dramatic downturn.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from the United Arab Emirates in 2022:

1. Mauritania (92.1 tons)
2. Democratic Republic of the Congo (15.4 tons)
3. Senegal (2.2 tons)
4. Maldives (2.0 tons)
5. Nigeria (2.0 tons)
6. Oman (1.6 tons)
7. Angola (1.0 tons)

Imports of Zinc; Plates, Sheets, Strip and Foil in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in overseas purchases of zinc; plates, sheets, strip and foils, which decreased by -75.1% to 2.3 tons in 2022. In general, imports recorded a significant decline. The smallest decline of -60% was in 2020.

In value terms, imports of zinc; plates, sheets, strip and foils reduced markedly to $13K in 2022. Over the period under review, imports recorded a precipitous contraction. The smallest decline of -47.1% was in 2020.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to the United Arab Emirates in 2022:

1. United States (976.0 kg)
2. Japan (794.0 kg)
3. United Kingdom (172.0 kg)
4. India (146.0 kg)
5. China (136.0 kg)
6. Sweden (54.0 kg)

Source: IndexBox Market Intelligence Platform