Japan: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Japan

In 2022, the Japanese zirconium ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Japan

In 2022, shipments abroad of zirconium ores and concentrates increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports soared to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Indonesia (X tons) and Italy (X tons) were the main destinations of zirconium ore and concentrate exports from Japan, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Italy ($X) were the largest markets for zirconium ore and concentrate exported from Japan worldwide, together comprising X% of total exports.

Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, falling by X% against the previous year. In general, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Singapore ($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 mixed trend patterns.

Imports of Zirconium Ores and Concentrates

Imports into Japan

In 2022, purchases abroad of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. Overall, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2018 when imports increased by X%. 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, Australia (X tons) constituted the largest supplier of zirconium ore and concentrate to Japan, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, Senegal (X tons), fourfold. The third position in this ranking was taken by Russia (X tons), with a X% share.

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

In value terms, Australia ($X) constituted the largest supplier of zirconium ores and concentrates to Japan, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Senegal (X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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