Middle East: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in the Middle East

In 2022, after three years of growth, there was decline in the Middle Eastern zirconium ore and concentrate market, when its value decreased by X% to $X. The total consumption indicated a modest increase 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 2018 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Production of Zirconium Ores and Concentrates in the Middle East

In value terms, zirconium ore and concentrate production reached $X in 2022 estimated in export price. The total production indicated buoyant 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports in the Middle East

For the fifth consecutive year, the Middle East recorded growth in shipments abroad of zirconium ores and concentrates, which increased by X% to X tons in 2022. Overall, exports, however, showed a deep reduction. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the key exporter of zirconium ores and concentrates in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Yemen (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together took approx. X% share of total exports.

Turkey 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, Yemen (X%) and Saudi Arabia (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Yemen (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) emerged as the largest zirconium ore and concentrate supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

In Turkey, zirconium ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Yemen (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in overseas purchases of zirconium ores and concentrates, when their volume decreased by X% to X tons. Total imports indicated a notable increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, zirconium ore and concentrate imports reached $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Iran (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate importing markets in the Middle East were Turkey ($X), Iran ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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