Europe: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Europe

In 2022, the Europe zirconium ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated tangible growth 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Zirconium Ores and Concentrates in Europe

In value terms, zirconium ore and concentrate production amounted to $X in 2022 estimated in export price. The total production indicated a modest 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, production increased by X% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of zirconium ores and concentrates, when their volume decreased by X% to X tons. In general, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained 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 soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) were the largest exporters of zirconium ores and concentrates in 2022, recording near X% and X% of total exports, respectively. Spain (X tons) took the next position in the ranking, followed by Ukraine (X tons), Russia (X tons) and Estonia (X tons). All these countries together held near X% share of total exports. France (X tons) and Italy (X tons) followed a long way behind the leaders.

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

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

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

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated modest 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. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports in Europe

Zirconium ore and concentrate imports declined slightly to X tons in 2022, dropping by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

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

Imports by Country

In 2022, Spain (X tons) was the key importer of zirconium ores and concentrates, making up X% of total imports. Italy (X tons) held the second position in the ranking, distantly followed by Belgium (X tons), France (X tons), Russia (X tons) and the Netherlands (X tons). All these countries together held approx. X% share of total imports. The UK (X tons) held a relatively small share of total imports.

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%) and Russia (X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, France (X%), the UK (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Spain (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the UK, the Netherlands, France and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Spain amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($X per ton) and France ($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