China: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in China

The Chinese zirconium ore and concentrate market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Zirconium Ores and Concentrates in China

In value terms, zirconium ore and concentrate production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports from China

In 2022, exports of zirconium ores and concentrates from China soared to X tons, rising by X% on 2021 figures. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, zirconium ore and concentrate exports soared to $X in 2022. Overall, exports saw perceptible growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for zirconium ore and concentrate exports from China, accounting for a X% share of total exports. Moreover, zirconium ore and concentrate exports to Japan exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by South Korea (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

In value terms, Japan ($X) remains the key foreign market for zirconium ores and concentrates exports from China, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated notable growth 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. Based on 2022 figures, zirconium ore and concentrate export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Thailand ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into China

In 2022, the amount of zirconium ores and concentrates imported into China fell to X tons, declining by X% compared with the year before. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2022. In general, imports, however, saw a mild expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of zirconium ore and concentrate to China, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Mozambique (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Australia ($X), South Africa ($X) and Indonesia ($X) appeared to be the largest zirconium ore and concentrate suppliers to China, together comprising X% of total imports. Mozambique, Kenya, Senegal, Kazakhstan, Madagascar and Sierra Leone lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked 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 Indonesia ($X per ton), while the price for Sierra Leone ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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