CIS: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in CIS

In 2022, the CIS zirconium ore and concentrate market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. 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 CIS

In value terms, zirconium ore and concentrate production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in CIS

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. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, zirconium ore and concentrate exports reduced to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Kazakhstan was the major exporter of zirconium ores and concentrates in the CIS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), achieving a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the zirconium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. Russia (X%) illustrated a downward trend over the same period. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, the largest zirconium ore and concentrate supplying countries in the CIS were Russia ($X) and Kazakhstan ($X).

Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan amounted to $X per ton.

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

Imports of Zirconium Ores and Concentrates

Imports in CIS

In 2022, overseas purchases of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a moderate 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. Overall, imports continue to indicate notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Belarus (X tons), constituting a X% share of total imports.

Russia was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported zirconium ores and concentrates in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

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

Source: IndexBox Platform

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