Report Update May 1, 2025

Bangladesh - Zirconium - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Zirconium Market 2025

Zirconium Market Size in Bangladesh

The Bangladeshi zirconium market contracted markedly to less than $X in 2022, with a decrease of 99.9% against the previous year. Over the period under review, consumption showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with a decrease of -55.7%. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Zirconium Production in Bangladesh

In value terms, zirconium production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 13%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Zirconium Exports

Exports from Bangladesh

Zirconium exports from Bangladesh expanded sharply to X kg in 2022, increasing by 5.3% on 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 300%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, zirconium exports dropped dramatically to $X in 2022. In general, exports saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 176%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for zirconium exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +34.9%.

In value terms, Norway ($X) also remains the key foreign market for zirconium exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +14.5%.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, waning by -35.2% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -15.1% per year.

Zirconium Imports

Imports into Bangladesh

Zirconium imports into Bangladesh surged to X kg in 2021, growing by 23% compared with 2020. In general, imports, however, recorded a noticeable slump. Over the period under review, imports reached the maximum at X kg in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, zirconium imports dropped rapidly to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. Imports peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, the United States (X kg) was the main zirconium supplier to Bangladesh, accounting for a 99% share of total imports. It was followed by India (X kg), with a 0.9% share of total imports.

From 2015 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of zirconium to Bangladesh, comprising 98% of total imports. The second position in the ranking was taken by India ($X), with a 2% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

In 2021, the average zirconium import price amounted to $X per ton, declining by -63.2% against the previous year. Overall, the import price continues to indicate a pronounced slump. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zirconium in the world?

The countries with the highest volumes of in 2021 were Australia, South Africa and China, together comprising 76% of global consumption. These countries were followed by Indonesia, Mozambique, India and Ukraine, which together accounted for a further 20%.

What are the largest producers of zirconium in the world?

The countries with the highest volumes of in 2021 were Australia, South Africa and China, with a combined 76% share of global production. Indonesia, Mozambique, India and Ukraine lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of zirconium to Bangladesh?

In value terms, the United States constituted the largest supplier of zirconium to Bangladesh.

What are the leading importers of zirconium from Bangladesh?

In value terms, Norway $566) remains the key foreign market for zirconium exports from Bangladesh.

What is the average export price for zirconium in Bangladesh?

The average zirconium export price stood at $20,963 per ton in 2021, shrinking by -29.6% against the previous year.

What is the average import price for zirconium in Bangladesh?

In 2021, the average zirconium import price amounted to $89,599 per ton, growing by 2% against the previous year.

This report provides an in-depth analysis of the zirconium market in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024