Italy: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Italy

In 2022, the Italian zirconium ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Zirconium Ores and Concentrates

Exports from Italy

In 2022, the amount of zirconium ores and concentrates exported from Italy rose remarkably to X tons, increasing by X% on the year before. Over the period under review, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. In general, exports, however, saw a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X tons), Spain (X tons) and Mexico (X tons) were the main destinations of zirconium ore and concentrate exports from Italy, with a combined X% share of total exports. Hungary, Algeria, Russia, Bulgaria, Turkey and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for zirconium ore and concentrate exported from Italy were Iran ($X), Mexico ($X) and Hungary ($X), with a combined X% share of total exports. Spain, Algeria, Russia, Bulgaria, Turkey and China lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, 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

The average zirconium ore and concentrate export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Italy

In 2022, zirconium ore and concentrate imports into Italy fell slightly to X tons, waning by X% compared with 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum 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. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mozambique (X tons) constituted the largest zirconium ore and concentrate supplier to Italy, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Mozambique exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Mozambique stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Spain (X% per year).

In value terms, Mozambique ($X) constituted the largest supplier of zirconium ores and concentrates to Italy, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mozambique amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Indonesia ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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