Australia: Zirconium Market 2024

Zirconium Market Size in Australia

The Australian zirconium market fell slightly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Zirconium Production in Australia

In value terms, zirconium production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3,128% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Zirconium Exports

Exports from Australia

In 2022, overseas shipments of zirconium decreased by 0% to X kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 286%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, zirconium exports amounted to $X in 2022. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 471%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X kg), the United States (X kg) and Vietnam (X kg) were the main destinations of zirconium exports from Australia, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Thailand ($X) and Vietnam ($X) appeared to be the largest markets for zirconium exported from Australia worldwide, with a combined 82% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Thailand ($X 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 Thailand (-7.5%), while the prices for the other major destinations experienced a decline.

Zirconium Imports

Imports into Australia

In 2022, approx. X tons of zirconium were imported into Australia; waning by -8.8% against 2021 figures. In general, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 178% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zirconium imports shrank to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 220% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X kg) constituted the largest supplier of zirconium to Australia, with a 58% share of total imports. Moreover, zirconium imports from South Africa exceeded the figures recorded by the second-largest supplier, Italy (X kg), threefold. The third position in this ranking was held by the United States (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to -21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-29.8% per year) and the United States (+8.9% per year).

In value terms, the largest zirconium suppliers to Australia were South Africa ($X), the United States ($X) and Italy ($X), together comprising 71% of total imports.

The United States, with a CAGR of -0.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, reducing by -5.9% against the previous year. In general, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 207%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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