Kenya: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Kenya

The Kenyan zirconium ore and concentrate market dropped dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Production of Zirconium Ores and Concentrates in Kenya

In value terms, zirconium ore and concentrate production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Kenya

In 2022, overseas shipments of zirconium ores and concentrates decreased by X% to X tons, falling for the fifth year in a row after six years of growth. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports soared to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from Kenya, with a X% share of total exports. Moreover, zirconium ore and concentrate exports to China exceeded the volume sent to the second major destination, Spain (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Malaysia (X% per year).

In value terms, China ($X) remains the key foreign market for zirconium ores and concentrates exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($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 Kenya

In 2022, the amount of zirconium ores and concentrates imported into Kenya totaled X kg, almost unchanged from 2021. In general, imports faced a significant contraction. The smallest decline of X% was in 2021. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports stood at $X in 2022. Overall, imports saw a dramatic contraction. The smallest decline of X% was in 2021. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X kg) constituted the largest zirconium ore and concentrate supplier to Kenya, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Italy exceeded the figures recorded by the second-largest supplier, India (X kg), sixfold. South Africa (X kg) ranked third in terms of total imports with an X% share.

From 2013 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Africa (X% per year).

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

From 2013 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and India (X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2021 a decrease of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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