Central Asia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Central Asia

In 2022, the Central Asian zirconium ore and concentrate market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Central Asia

In value terms, zirconium ore and concentrate production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Central Asia

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, however, showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, zirconium ore and concentrate exports amounted to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

The shipments of the one major exporters of zirconium ores and concentrates, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the zirconium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest zirconium ore and concentrate supplier in Central Asia.

In Kazakhstan, zirconium ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Zirconium Ores and Concentrates

Imports in Central Asia

In 2022, supplies from abroad of zirconium ores and concentrates decreased by X% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Uzbekistan was the main importer of zirconium ores and concentrates in Central Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), constituting a X% share of total imports. Kyrgyzstan (X tons) held a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Kyrgyzstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported zirconium ores and concentrates in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Source: IndexBox Platform

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