Hong Kong SAR, China: Zirconium Market 2025

Zirconium Market Size in Hong Kong SAR, China

In 2022, the Hong Kong zirconium market increased by 1.6% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +54.7% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Zirconium Production in Hong Kong SAR, China

In value terms, zirconium production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.8% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 54%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Zirconium Exports

Exports from Hong Kong SAR, China

In 2022, the amount of zirconium exported from Hong Kong SAR rose sharply to X tons, picking up by 7.5% against the previous year. Overall, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2019 with an increase of 63%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, zirconium exports soared to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 103% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for zirconium exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +1.5%.

In value terms, China ($X) also remains the key foreign market for zirconium exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +11.7%.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, surging by 8.5% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 57%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.0% per year.

Zirconium Imports

Imports into Hong Kong SAR, China

Zirconium imports into Hong Kong SAR contracted significantly to X tons in 2022, which is down by -21.6% against the previous year's figure. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 886%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zirconium imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 217% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) was the main zirconium supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +38.4%.

In value terms, France ($X) constituted the largest supplier of zirconium to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from France amounted to +10.6%.

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, falling by -12.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 95%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +35.1% per year.

Source: IndexBox Platform

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