Germany: Zirconium Market 2024

Zirconium Market Size in Germany

After two years of decline, the German zirconium market increased by 58% to $X in 2022. In general, consumption saw significant growth. Zirconium consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zirconium Production in Germany

In value terms, zirconium production reached $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27% against the previous year. Zirconium production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Zirconium Exports

Exports from Germany

Zirconium exports from Germany dropped to X tons in 2022, shrinking by -4.1% compared with the previous year's figure. Overall, exports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, zirconium exports fell to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +6.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for zirconium exports from Germany, with a 40% share of total exports. Moreover, zirconium exports to the United States exceeded the volume sent to the second major destination, France (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.2% per year) and the UK (+1.4% per year).

In value terms, the largest markets for zirconium exported from Germany were the United States ($X), the Czech Republic ($X) and France ($X), together accounting for 47% of total exports. Thailand, Mexico, Belgium, the UK, Japan, Switzerland, Austria, Russia and Canada lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Mexico, with a CAGR of +72.3%, recorded the highest rates of growth with regard to 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

In 2022, the average zirconium export price amounted to $X per ton, falling by -1.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Zirconium Imports

Imports into Germany

In 2022, after two years of decline, there was significant growth in supplies from abroad of zirconium, when their volume increased by 26% to X tons. Over the period under review, imports posted perceptible growth. The most prominent rate of growth was recorded in 2016 when imports increased by 95%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports skyrocketed to $X in 2022. Overall, imports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 81% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Sweden (X tons) and China (X tons) were the main suppliers of zirconium imports to Germany, together accounting for 80% of total imports. Spain, France and South Korea lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium suppliers to Germany were the United States ($X), Sweden ($X) and China ($X), with a combined 73% share of total imports. Spain, France and South Korea lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Spain, with a CAGR of +37.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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