Report Update Nov 1, 2024

Southern Asia - Zirconium - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Zirconium Market 2024

Zirconium Market Size in Southern Asia

The South Asian zirconium market shrank modestly to $X in 2022, remaining constant against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Zirconium Production in Southern Asia

In value terms, zirconium production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Zirconium Exports

Exports in Southern Asia

Zirconium exports shrank markedly to X kg in 2022, which is down by -15.1% against 2021. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 94% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zirconium exports declined to $X in 2022. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 71% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X kg, which was approx. 87% of total exports in 2022. It was distantly followed by Pakistan (X kg), generating a 9.8% share of total exports. Bangladesh (X kg) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -38.3% from 2012 to 2022. At the same time, Bangladesh (+34.9%) and Pakistan (+5.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +34.9% from 2012-2022. From 2012 to 2022, the share of Pakistan and Bangladesh increased by +9.8 and +3.4 percentage points, respectively.

In value terms, India ($X) remains the largest zirconium supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -23.1%. In the other countries, the average annual rates were as follows: Pakistan (-5.6% per year) and Bangladesh (+14.5% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 2.1% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2019 an increase of 152%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.8%), while the other leaders experienced a decline in the export price figures.

Zirconium Imports

Imports in Southern Asia

In 2022, the amount of zirconium imported in Southern Asia reduced notably to X tons, waning by -27.8% against the previous year's figure. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 385%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports shrank dramatically to $X in 2022. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2015 when imports increased by 465% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of zirconium imports in 2022 were India (X tons), together amounting to 100% of total import.

India was also the fastest-growing in terms of the zirconium imports, with a CAGR of +18.3% from 2012 to 2022. India (+28 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported zirconium in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +20.5%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -10.2% against the previous year. In general, the import price, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2020 an increase of 138%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zirconium in Southern Asia?

India constituted the country with the largest volume of zirconium consumption, accounting for 100% of total volume.

What are the largest producers of zirconium in Southern Asia?

India constituted the country with the largest volume of zirconium production, comprising approx. 100% of total volume.

What are the leading exporters of zirconium in Southern Asia?

In value terms, India remains the largest zirconium supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was occupied by Bangladesh $566), with a 2.2% share of total exports.

What are the leading importers of zirconium in Southern Asia?

In value terms, India constitutes the largest market for imported zirconium in Southern Asia, comprising 71% of total imports. The second position in the ranking was occupied by Bangladesh, with a 28% share of total imports.

What is the average export price for zirconium in Southern Asia?

In 2021, the export price in Southern Asia amounted to $45,390 per ton, declining by -78.5% against the previous year.

What is the average import price for zirconium in Southern Asia?

The import price in Southern Asia stood at $70,982 per ton in 2021, with a decrease of -9.2% against the previous year.

This report provides an in-depth analysis of the zirconium market in Southern Asia. 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:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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
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