South Africa: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in South Africa

The South African zirconium ore and concentrate market reduced notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a dramatic curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Zirconium Ores and Concentrates in South Africa

In value terms, zirconium ore and concentrate production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Zirconium ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from South Africa

In 2022, overseas shipments of zirconium ores and concentrates were finally on the rise to reach X tons after four years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. In general, total exports indicated resilient 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from South Africa, accounting for a X% share of total exports. Moreover, zirconium ore and concentrate exports to China exceeded the volume sent to the second major destination, Spain (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) remains the key foreign market for zirconium ores and concentrates exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average zirconium ore and concentrate export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into South Africa

Zirconium ore and concentrate imports into South Africa contracted remarkably to X tons in 2022, with a decrease of X% against the year before. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports shrank markedly to $X in 2022. Over the period under review, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of zirconium ore and concentrate to South Africa, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. Senegal (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, Vietnam ($X) constituted the largest supplier of zirconium ores and concentrates to South Africa, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Senegal, with less than X% share.

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

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, faced a deep reduction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Senegal ($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 Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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