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World - Zirconium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Zirconium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights

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Oct 15, 2021

China Strengthens Leading Position in Global Imports of Zirconium Ores and Concentrates

IndexBox has just published a new report: 'World - Zirconium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per ton, rising at an average annual rate of +1.1% over the past ten years.

Global Consumption of Zirconium Ores and Concentrates

The global zirconium ores and concentrate market soared to $2.4B in 2020, increasing by +16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, indirect taxes and intermediaries' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2010 to 2020.

The countries with the highest volumes of zirconium ores and concentrates consumption in 2020 were China (1.2M tons), Australia (711K tons) and the U.S. (98K tons), together comprising 78% of global consumption. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 10%.

In value terms, China ($976M), Australia ($529M) and the U.S. ($155M) constituted the countries with the highest levels of market value in 2020, together accounting for 70% of the global market. These countries were followed by Spain, India, Senegal and South Africa, which together accounted for a further 14%.

In 2020, the highest levels of zirconium ores and concentrates per capita consumption was registered in Australia (28 kg per person), followed by Senegal (3 kg per person), Spain (2 kg per person) and South Africa (1 kg per person), while the world average was estimated at 0.33 kg per person.

Global Imports of Zirconium Ores and Concentrates

In 2020, supplies from abroad of zirconium ores and concentrates decreased by -8% to 1.5M tons, falling for the second year in a row after two years of growth. In value terms, zirconium ore and concentrate imports shrank markedly to $1.5B (IndexBox estimates) in 2020. Overall, total imports indicated a mild expansion from 2010 to 2020: the value increased at an average annual rate of +0.5% over the last decade.

China prevails in zirconium concentrate import structure, resulting in 1.1M tons, which was approx. 72% of total imports in 2020. It was distantly followed by Spain (101K tons), generating a 6.7% share of total imports. India (56K tons), Malaysia (35K tons), Italy (35K tons) and the U.S. (24K tons) held a minor share of total imports.

From 2010 to 2020, the average annual growth rates of zirconium ore and concentrate imports into China stood at +4.0%. Over this period, China increased its imports from 732K tons to 1.1M tons. From 2010 to 2020, China (+21 p.p.) significantly strengthened its position in zirconium ore and concentrate imports.

Malaysia (+6.3%) and India (+1.8%) also displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer globally, with a CAGR of +6.3% from 2010-2020. Meanwhile, the U.S. experienced a relatively flat trend pattern. By contrast, Spain (-3.6%) and Italy (-9.9%) illustrated a downward trend over the same period.

In value terms, China ($869M) constitutes the largest market for imported zirconium ores and concentrates worldwide, comprising 59% of global imports. The second position in the ranking was occupied by Spain ($142M), with a 9.6% share of global imports, and it was followed by India, with a 5.3% share.

In 2020, the global average import price for zirconium ores and concentrates amounted to $987 per ton, declining by -9.5% against the previous year. Over the period under review, import price indicated a modest increase from 2010 to 2020: its price increased at an average annual rate of +1.1% over the last decade.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($2,000 per ton), while China ($1,000 per ton) was amongst the lowest. In 2020, the U.S. attained the most notable price growth rate, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for zirconium ore and concentrate. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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