SADC: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in SADC

In 2022, the SADC zirconium ore and concentrate market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a dramatic contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in SADC

In value terms, zirconium ore and concentrate production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in SADC

Zirconium ore and concentrate exports soared to X tons in 2022, with an increase of X% on 2021. Total exports indicated a prominent expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. Total exports indicated strong 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Mozambique (X tons) and Madagascar (X tons), together constituting a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Madagascar experienced a relatively flat trend pattern. Mozambique (X p.p.) significantly strengthened its position in terms of the total exports, while Madagascar and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest zirconium ore and concentrate supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports.

In South Africa, zirconium ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Madagascar (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in SADC

In 2022, imports of zirconium ores and concentrates in SADC contracted slightly to X tons, stabilizing at the previous year. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, zirconium ore and concentrate imports soared to $X in 2022. Overall, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Zimbabwe (X tons) and Zambia (X tons) dominates imports structure, together creating X% of total imports. It was distantly followed by Tanzania (X tons), committing a X% share of total imports. South Africa (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate importing markets in SADC were Zambia ($X), Zimbabwe ($X) and Tanzania ($X), together comprising X% of total imports.

Zambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, faced a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. 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 Tanzania ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform