South-Eastern Asia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in South-Eastern Asia

The Southeast Asian zirconium ore and concentrate market surged to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in South-Eastern Asia

In value terms, zirconium ore and concentrate production expanded sharply to $X in 2022 estimated in export price. Overall, production recorded a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports in South-Eastern Asia

In 2022, shipments abroad of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, zirconium ore and concentrate exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Indonesia was the largest exporter of zirconium ores and concentrates in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Thailand (X%).

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest zirconium ore and concentrate supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Indonesia, zirconium ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a buoyant increase 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 growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of zirconium ores and concentrates, when their volume decreased by X% to X tons. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the key importer of zirconium ores and concentrates in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%). Indonesia (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported zirconium ores and concentrates in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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