Asia-Pacific: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Asia-Pacific

The Asia-Pacific zirconium ore and concentrate market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a mild decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Zirconium Ores and Concentrates in Asia-Pacific

In value terms, zirconium ore and concentrate production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Asia-Pacific

In 2022, approx. X tons of zirconium ores and concentrates were exported in Asia-Pacific; picking up by X% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. Over the period under review, exports showed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Indonesia represented the main exporter of zirconium ores and concentrates in Asia-Pacific, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Australia (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%), China (X%) and Vietnam (X%). Thailand (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. China, Australia and Vietnam experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) emerged as the largest zirconium ore and concentrate supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, zirconium ore and concentrate export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in Asia-Pacific

In 2022, zirconium ore and concentrate imports in Asia-Pacific contracted to X tons, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate slight growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by India (X tons), creating a X% share of total imports. The following importers - Malaysia (X tons) and Japan (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported zirconium ores and concentrates in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In China, zirconium ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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