Thailand: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Thailand

The Thai zirconium ore and concentrate market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption enjoyed resilient growth. Zirconium ore and concentrate consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Thailand

In value terms, zirconium ore and concentrate production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Zirconium ore and concentrate production peaked in 2022 and is expected to retain growth in years to come.

Exports of Zirconium Ores and Concentrates

Exports from Thailand

Zirconium ore and concentrate exports from Thailand declined notably to X tons in 2022, waning by X% on the previous year. Overall, exports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports contracted to $X in 2022. Over the period under review, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

India (X tons), China (X tons) and Spain (X tons) were the main destinations of zirconium ore and concentrate exports from Thailand, with a combined X% share of total exports. Taiwan (Chinese), the Netherlands, Brazil and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zirconium ore and concentrate exported from Thailand were India ($X), Spain ($X) and China ($X), together comprising X% of total exports. Taiwan (Chinese), the Netherlands, Brazil and South Korea lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average zirconium ore and concentrate export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted pronounced growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Thailand

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. Over the period under review, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate imports fell significantly to $X in 2022. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Australia (X tons) and South Africa (X tons) were the main suppliers of zirconium ore and concentrate imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Australia ($X) and South Africa ($X) were the largest zirconium ore and concentrate suppliers to Thailand, together accounting for X% of total imports. Indonesia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, saw the highest growth rate of 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

The average zirconium ore and concentrate import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum 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 Taiwan (Chinese) ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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