Dominican Republic: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in the Dominican Republic

In 2022, the Dominican zirconium ore and concentrate market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a dramatic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in the Dominican Republic

In value terms, zirconium ore and concentrate production amounted to less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with a decrease of X%. Zirconium ore and concentrate production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from the Dominican Republic

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, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced sharply in the following year.

In value terms, zirconium ore and concentrate exports reduced notably to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Jamaica (X tons), Trinidad and Tobago (X tons) and Haiti (X kg) were the main destinations of zirconium ore and concentrate exports from the Dominican Republic.

From 2018 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), Trinidad and Tobago ($X) and Haiti ($X) appeared to be the largest markets for zirconium ore and concentrate exported from the Dominican Republic worldwide.

Jamaica, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zirconium ore and concentrate export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated strong growth from 2018 to 2022: its price increased at an average annual rate of X% over the last four years. 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. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Zirconium Ores and Concentrates

Imports into the Dominican Republic

In 2022, the amount of zirconium ores and concentrates imported into the Dominican Republic surged to X tons, jumping by X% against 2021. Over the period under review, imports, however, faced a significant decline. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. Overall, imports, however, recorded a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and Germany (X kg) were the main suppliers of zirconium ore and concentrate imports to the Dominican Republic, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X) constituted the largest supplier of zirconium ores and concentrates to the Dominican Republic, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, import price indicated a moderate 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. Based on 2022 figures, zirconium ore and concentrate import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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