Africa: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Africa

In 2022, after four years of growth, there was significant decline in the African zirconium ore and concentrate market, when its value decreased by X% to $X. In general, consumption recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Africa

In value terms, zirconium ore and concentrate production dropped to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Africa

In 2022, approx. X tons of zirconium ores and concentrates were exported in Africa; picking up by X% compared with 2021 figures. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons) represented the largest exporter of zirconium ores and concentrates, committing X% of total exports. Mozambique (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%) and Sierra Leone (X%). The following exporters - Kenya (X tons) and Madagascar (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to zirconium ore and concentrate exports from South Africa stood at X%. At the same time, Senegal (X%), Mozambique (X%), Sierra Leone (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Madagascar experienced a relatively flat trend pattern. While the share of Senegal (X p.p.), Mozambique (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Madagascar (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest zirconium ore and concentrate supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Mozambique (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in Africa

Zirconium ore and concentrate imports dropped notably to X tons in 2022, declining by X% on 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, zirconium ore and concentrate imports shrank rapidly to $X in 2022. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Algeria represented the major importer of zirconium ores and concentrates in Africa, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Tunisia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%), Zambia (X%), Egypt (X%) and Ethiopia (X%). Morocco (X tons) took a minor share of total imports.

Algeria experienced a relatively flat trend pattern with regard to volume of imports of zirconium ores and concentrates. At the same time, Zimbabwe (X%), Zambia (X%) and Ethiopia (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%), Tunisia (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Zimbabwe (X p.p.), Algeria (X p.p.), Zambia (X p.p.) and Ethiopia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest zirconium ore and concentrate importing markets in Africa were Algeria ($X), Tunisia ($X) and Zambia ($X), together comprising X% of total imports.

Zambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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