Canada: Zirconium Market 2025

Zirconium Market Size in Canada

The Canadian zirconium market fell to $X in 2022, which is down by -5.7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Zirconium Production in Canada

In value terms, zirconium production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. Zirconium production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Zirconium Exports

Exports from Canada

In 2022, overseas shipments of zirconium increased by 25% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded noticeable growth. The growth pace was the most rapid in 2019 with an increase of 28,272% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, zirconium exports dropped slightly to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 20,725% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for zirconium exports from Canada, accounting for a 83% share of total exports. Moreover, zirconium exports to China exceeded the volume sent to the second major destination, Japan (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+81.9% per year) and the United States (-28.5% per year).

In value terms, China ($X) remains the key foreign market for zirconium exports from Canada, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.7% per year) and Japan (+5.6% per year).

Export Prices by Country

In 2022, the average zirconium export price amounted to $X per ton, waning by -23.9% against the previous year. Overall, the export price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 the United States (+31.8%), while the prices for the other major destinations experienced a decline.

Zirconium Imports

Imports into Canada

Zirconium imports into Canada dropped dramatically to X tons in 2022, declining by -21.8% on the previous year. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 80% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, zirconium imports fell remarkably to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 138% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of zirconium imports to Canada.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest zirconium suppliers to Canada were the United States ($X), Germany ($X) and China ($X).

China, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average zirconium import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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