EU: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in the EU

In 2022, the EU zirconium ore and concentrate market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Zirconium Ores and Concentrates in the EU

In value terms, zirconium ore and concentrate production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports in the EU

In 2022, overseas shipments of zirconium ores and concentrates increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a perceptible 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. In general, exports posted modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly X% of total exports in 2022. Spain (X tons) ranks next in terms of the total exports with a X% share, followed by Estonia (X%) and France (X%). The following exporters - Italy (X tons) and Germany (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate supplying countries in the European Union were Belgium ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total exports. France, Estonia, Italy and Germany lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in the EU

In 2022, approx. X tons of zirconium ores and concentrates were imported in the European Union; which is down by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate imports soared to $X in 2022. Total imports indicated a noticeable expansion 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain was the key importer of zirconium ores and concentrates in the European Union, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Italy (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%), France (X%) and the Netherlands (X%).

Spain 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, Belgium (X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (X p.p.), France (X p.p.) and Italy (X p.p.) displayed negative dynamics.

In value terms, Spain ($X) constitutes the largest market for imported zirconium ores and concentrates in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

In Spain, zirconium ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. 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, major importing countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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