Eastern Europe: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Eastern Europe

In 2022, the East European zirconium ore and concentrate market increased by X% to $X, rising for the seventh consecutive year after three years of decline. In general, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Zirconium Ores and Concentrates in Eastern Europe

In value terms, zirconium ore and concentrate production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports in Eastern Europe

In 2022, approx. X tons of zirconium ores and concentrates were exported in Eastern Europe; dropping by X% against the previous year. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports fell rapidly to $X in 2022. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ukraine (X tons) represented the largest exporter of zirconium ores and concentrates, creating X% of total exports. Russia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Estonia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X), Ukraine ($X) and Estonia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in Eastern Europe

In 2022, purchases abroad of zirconium ores and concentrates increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a measured increase 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 skyrocketed to $X in 2022. Overall, imports enjoyed a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. Poland (X tons) took the second position in the ranking, followed by Estonia (X tons), the Czech Republic (X tons) and Hungary (X tons). All these countries together took approx. X% share of total imports. Belarus (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to zirconium ore and concentrate imports into Russia stood at X%. At the same time, Estonia (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and Belarus (X%) illustrated a downward trend over the same period. Estonia (X p.p.), Russia (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total imports, while Hungary and Belarus saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported zirconium ores and concentrates in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

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

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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