Sri Lanka: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Sri Lanka

The Sri Lankan zirconium ore and concentrate market totaled $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a noticeable descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Zirconium Ores and Concentrates in Sri Lanka

In value terms, zirconium ore and concentrate production rose markedly to $X in 2022 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Zirconium ore and concentrate production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports from Sri Lanka

In 2022, approx. X tons of zirconium ores and concentrates were exported from Sri Lanka; with a decrease of X% against the previous year. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports shrank markedly to $X in 2022. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from Sri Lanka, with 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), fourfold.

From 2012 to 2022, the average annual growth rate of volume 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 Italy (X% per year).

In value terms, the largest markets for zirconium ore and concentrate exported from Sri Lanka were Spain ($X), China ($X) and Italy ($X).

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Zirconium Ores and Concentrates

Imports into Sri Lanka

In 2022, imports of zirconium ores and concentrates into Sri Lanka shrank sharply to X tons, reducing by X% on the year before. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports reached $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of zirconium ore and concentrate to Sri Lanka, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Italy (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of zirconium ores and concentrates to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted mild growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the price for Italy ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :