Spain: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Spain

In 2022, the Spanish zirconium ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a strong 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 2020 indices. Zirconium ore and concentrate consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Zirconium Ores and Concentrates

Exports from Spain

In 2022, overseas shipments of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a perceptible downturn. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports surged to $X in 2022. Overall, exports, however, saw a noticeable setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Portugal (X tons) and Ecuador (X tons) were the main destinations of zirconium ore and concentrate exports from Spain, together accounting for X% of total exports. Egypt, Russia, France, the Netherlands, Colombia, Algeria, the United States, Poland, Turkey and Brazil lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for zirconium ore and concentrate exported from Spain were Italy ($X), Portugal ($X) and Russia ($X), with a combined X% share of total exports.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ecuador ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Spain

Zirconium ore and concentrate imports into Spain reduced modestly to X tons in 2022, standing approx. at the previous year. Overall, total imports indicated a buoyant 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, zirconium ore and concentrate imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), South Africa (X tons) and Senegal (X tons) were the main suppliers of zirconium ore and concentrate imports to Spain, together comprising X% of total imports. Kenya, Ukraine, Indonesia and France lagged somewhat behind, together comprising a further X%.

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

In value terms, Australia ($X), South Africa ($X) and Senegal ($X) constituted the largest zirconium ore and concentrate suppliers to Spain, together comprising X% of total imports. Ukraine, Kenya, Indonesia and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a mild setback. The import price 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 origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for South Africa ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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