Australia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Australia

After two years of decline, the Australian zirconium ore and concentrate market increased by X% to $X in 2022. In general, consumption, however, continues to indicate a deep setback. Zirconium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Australia

In value terms, zirconium ore and concentrate production fell to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Zirconium ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports from Australia

In 2022, after two years of growth, there was significant decline in overseas shipments of zirconium ores and concentrates, when their volume decreased by X% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, zirconium ore and concentrate exports declined significantly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of zirconium ore and concentrate exports from Australia, with a combined X% share of total exports. Vietnam, Malaysia, Switzerland, South Korea, Thailand, the Netherlands, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for zirconium ore and concentrate exported from Australia worldwide, with a combined X% share of total exports. Vietnam, Malaysia, Switzerland, South Korea, Thailand, the Netherlands, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zirconium ore and concentrate export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Australia

Zirconium ore and concentrate imports into Australia stood at X tons in 2022, rising by X% compared with 2021 figures. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, zirconium ore and concentrate imports soared to $X in 2022. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Senegal (X tons) constituted the largest supplier of zirconium ore and concentrate to Australia, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Senegal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Senegal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

In value terms, Senegal ($X) constituted the largest supplier of zirconium ores and concentrates to Australia, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Senegal amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a perceptible downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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