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Report Middle East - Zirconium - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Middle East - Zirconium - Market Analysis, Forecast, Size, Trends and Insights

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Middle East: Zirconium Market 2024

Zirconium Market Size in the Middle East

In 2022, the Middle Eastern zirconium market decreased by -0.6% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Zirconium Production in the Middle East

In value terms, zirconium production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Zirconium Exports

Exports in the Middle East

In 2022, exports of zirconium in the Middle East declined notably to X kg, falling by -69.1% on the previous year. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2018 when exports increased by 2,928% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, zirconium exports fell dramatically to $X in 2022. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 8,157%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Israel was the key exporter of zirconium in the Middle East, with the volume of exports reaching X kg, which was approx. 76% of total exports in 2022. It was distantly followed by Turkey (X kg), committing a 24% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to zirconium exports from Israel stood at -22.5%. Turkey (-10.6%) illustrated a downward trend over the same period. Turkey (+24 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -10.1% from 2012 to 2022, respectively.

In value terms, Israel ($X) remains the largest zirconium supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was held by Turkey ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel amounted to -11.8%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by 89% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 394%. Over the period under review, the export prices attained the peak figure 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 Israel ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+13.9%).

Zirconium Imports

Imports in the Middle East

In 2022, the amount of zirconium imported in the Middle East surged to X tons, with an increase of 114% against the previous year. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 400% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports rose markedly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 55%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the key importer of zirconium in the Middle East, constituting 99% of total import.

Saudi Arabia was also the fastest-growing in terms of the zirconium imports, with a CAGR of +69.3% from 2012 to 2022. While the share of Saudi Arabia (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported zirconium in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to +6.0%.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by -48.6% against the previous year. Over the period under review, the import price showed a sharp slump. The pace of growth appeared the most rapid in 2021 when the import price increased by 172%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -37.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of zirconium consumption was Saudi Arabia, accounting for 55% of total volume. Moreover, zirconium consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Jordan, twofold. Israel ranked third in terms of total consumption with an 8.6% share.
Jordan constituted the country with the largest volume of zirconium production, accounting for 91% of total volume. Moreover, zirconium production in Jordan exceeded the figures recorded by the second-largest producer, the United Arab Emirates, tenfold.
In value terms, the United Arab Emirates remains the largest zirconium supplier in the Middle East, comprising 79% of total exports. The second position in the ranking was occupied by Israel, with a 20% share of total exports.
In value terms, Israel, Saudi Arabia and Iran were the countries with the highest levels of imports in 2021, with a combined 86% share of total imports.
In 2021, the export price in the Middle East amounted to $30,923 per ton, falling by -26.2% against the previous year.
The import price in the Middle East stood at $12,977 per ton in 2021, reducing by -29% against the previous year.

This report provides an in-depth analysis of the zirconium market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in the Middle East, split by region and country
    • Trade (exports and imports) in the Middle East
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • Bahrain
      • Iran
      • Iraq
      • Israel
      • Jordan
      • Kuwait
      • Lebanon
      • Oman
      • Palestine
      • Qatar
      • Saudi Arabia
      • Syrian Arab Republic
      • Turkey
      • United Arab Emirates
      • Yemen

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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