Malaysia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Malaysia

The Malaysian zirconium ore and concentrate market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in Malaysia

In value terms, zirconium ore and concentrate production fell to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Malaysia

For the third consecutive year, Malaysia recorded growth in shipments abroad of zirconium ores and concentrates, which increased by X% to X tons in 2022. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, zirconium ore and concentrate exports stood at $X in 2022. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

India (X tons) was the main destination for zirconium ore and concentrate exports from Malaysia, with a X% share of total exports. Moreover, zirconium ore and concentrate exports to India exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

In value terms, India ($X) remains the key foreign market for zirconium ores and concentrates exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated noticeable growth 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. Based on 2022 figures, zirconium ore and concentrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Malaysia

In 2022, purchases abroad of zirconium ores and concentrates increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports posted tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. In general, imports posted tangible growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest zirconium ore and concentrate supplier to Malaysia, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Indonesia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Kenya ($X per ton) and Indonesia ($X per ton), while the price for South Africa ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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