Latin America and the Caribbean: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Latin America and the Caribbean

In 2022, the Latin American zirconium ore and concentrate market increased by X% to $X, rising for the fifth consecutive year after three years of decline. The total consumption indicated slight growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Zirconium Ores and Concentrates in Latin America and the Caribbean

In value terms, zirconium ore and concentrate production surged to $X in 2022 estimated in export price. In general, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Latin America and the Caribbean

In 2022, exports of zirconium ores and concentrates in Latin America and the Caribbean surged to X tons, picking up by X% against 2021 figures. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Chile (X tons) represented the major exporter of zirconium ores and concentrates, constituting X% of total exports. Brazil (X tons) held the second position in the ranking, followed by Peru (X tons), Colombia (X tons) and Guatemala (X tons). All these countries together took near X% share of total exports. The Dominican Republic (X tons) took a minor share of total exports.

Chile was also the fastest-growing in terms of the zirconium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Brazil (X%), Peru (X%) and Colombia (X%) displayed positive paces of growth. Guatemala experienced a relatively flat trend pattern. While the share of Chile (X p.p.), Brazil (X p.p.), Peru (X p.p.), Colombia (X p.p.), Guatemala (X p.p.) and the Dominican Republic (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a measured expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in Latin America and the Caribbean

In 2022, approx. X tons of zirconium ores and concentrates were imported in Latin America and the Caribbean; growing by X% on the previous year. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, zirconium ore and concentrate imports soared to $X in 2022. Over the period under review, imports recorded a tangible increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Brazil was the main importer of zirconium ores and concentrates in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Mexico (X tons), mixing up a X% share of total imports. The following importers - Chile (X tons), Ecuador (X tons), Colombia (X tons) and Peru (X tons) - together made up X% of total imports.

Brazil was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Ecuador experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Colombia (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Colombia and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported zirconium ores and concentrates in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, zirconium ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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