France: Zirconium Market 2024

Zirconium Market Size in France

In 2022, the French zirconium market decreased by -11.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed significant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Zirconium Production in France

In value terms, zirconium production fell remarkably to $X in 2022 estimated in export price. In general, production, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of 466,416,200% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Zirconium Exports

Exports from France

Zirconium exports from France soared to X tons in 2019, increasing by 107% compared with the year before. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, zirconium exports soared to $X in 2019. In general, exports continue to indicate a buoyant increase. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for zirconium exports from France, with a 42% share of total exports. Moreover, zirconium exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to China stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+66.2% per year) and Japan (+51.6% per year).

In value terms, the largest markets for zirconium exported from France were the UK ($X), the United States ($X) and China ($X), with a combined 53% share of total exports. Japan, Hong Kong SAR, Germany, Russia and Hungary lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +61.0%, 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 average zirconium export price stood at $X per ton in 2019, with an increase of 26% against the previous year. Overall, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zirconium Imports

Imports into France

In 2022, the amount of zirconium imported into France expanded remarkably to X tons, picking up by 12% compared with 2021 figures. Overall, imports continue to indicate slight growth. The pace of growth was the most pronounced in 2013 when imports increased by 95%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, zirconium imports skyrocketed to $X in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 109%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest zirconium supplier to France, accounting for a 65% share of total imports. Moreover, zirconium imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and Spain (+63.8% per year).

In value terms, the United States ($X) constituted the largest supplier of zirconium to France, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Spain (+43.8% per year).

Import Prices by Country

In 2022, the average zirconium import price amounted to $X per ton, jumping by 22% against the previous year. Over the period under review, the import price showed a notable expansion. The pace of growth was the most pronounced in 2016 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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