Brazil: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Brazil

For the third year in a row, the Brazilian zirconium ore and concentrate market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed pronounced growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Zirconium Ores and Concentrates in Brazil

In value terms, zirconium ore and concentrate production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained 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 from Brazil

In 2022, zirconium ore and concentrate exports from Brazil rose modestly to X tons, with an increase of X% on the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for zirconium ore and concentrate exports from Brazil, accounting for a X% share of total exports. Moreover, zirconium ore and concentrate exports to Argentina exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to X%.

In value terms, Argentina ($X) emerged as the key foreign market for zirconium ores and concentrates exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled X%.

Export Prices by Country

In 2022, the average zirconium ore and concentrate export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%).

Imports of Zirconium Ores and Concentrates

Imports into Brazil

In 2022, approx. X tons of zirconium ores and concentrates were imported into Brazil; growing by X% compared with the previous year. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

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

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

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

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

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a modest 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Madagascar ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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