Israel: Zirconium Market 2024

Zirconium Market Size in Israel

The Israeli zirconium market reduced remarkably to $X in 2022, which is down by -21% against the previous year. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Zirconium Production in Israel

In value terms, zirconium production totaled $X in 2022 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. Zirconium production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Zirconium Exports

Exports from Israel

Zirconium exports from Israel reduced notably to X kg in 2022, falling by -45.8% against the previous year's figure. Over the period under review, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2014 when exports increased by 225%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zirconium exports fell modestly to $X in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 233%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for zirconium exports from Israel, accounting for a 85% share of total exports. Moreover, zirconium exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-35.9% per year) and Germany (-30.3% per year).

In value terms, the United States ($X) remains the key foreign market for zirconium exports from Israel, comprising 97% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-36.8% per year) and Germany (-33.9% per year).

Export Prices by Country

In 2022, the average zirconium export price amounted to $X per ton, picking up by 84% against the previous year. In general, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 210%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 South Korea (+67.0%), while the prices for the other major destinations experienced mixed trend patterns.

Zirconium Imports

Imports into Israel

Zirconium imports into Israel fell sharply to X kg in 2022, with a decrease of -34.5% against the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 529%. Imports peaked at X kg in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, zirconium imports declined remarkably to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,058% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest zirconium supplier to Israel, accounting for a 60% share of total imports. Moreover, zirconium imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Japan (X kg), fourfold. South Korea (X kg) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+30.2% per year) and South Korea (+17.5% per year).

In value terms, the largest zirconium suppliers to Israel were Japan ($X), the Netherlands ($X) and China ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +62.8%, saw the highest rates of growth with regard to 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

In 2022, the average zirconium import price amounted to $X per ton, with a decrease of -7.6% against the previous year. In general, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2021 an increase of 111%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :