Report Update Nov 1, 2024

Turkey - Zirconium - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Zirconium Market 2024

Zirconium Market Size in Turkey

In 2022, the Turkish zirconium market decreased by -5.2% to $X, falling for the sixth year in a row after two years of growth. In general, consumption faced a dramatic contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Zirconium Production in Turkey

In value terms, zirconium production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume decreased by 99.9%. Zirconium production peaked in 2022 and is likely to see gradual growth in years to come.

Zirconium Exports

Exports from Turkey

After two years of growth, shipments abroad of zirconium decreased by -42.9% to X kg in 2022. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports reached the peak of X kg, and then declined remarkably in the following year.

In value terms, zirconium exports surged to $X in 2022. Over the period under review, exports faced a dramatic curtailment. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) and Israel (X kg) were the main destinations of zirconium exports from Turkey.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of 0.0%).

In value terms, the largest markets for zirconium exported from Turkey were Germany ($X) and Israel ($X). Moreover, zirconium exports in Germany exceeded the figures recorded by the second-largest exporter, Israel, twofold.

In terms of the main countries of destination, Israel, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, jumping by 725% against the previous year. Over the period under review, the export price, however, showed a deep setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Israel stood at $X per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-54.1%).

Zirconium Imports

Imports into Turkey

In 2022, supplies from abroad of zirconium decreased by -11.8% to X kg, falling for the sixth year in a row after two years of growth. Over the period under review, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2015 when imports increased by 41%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zirconium imports rose rapidly to $X in 2022. Overall, imports faced a significant decrease. The pace of growth appeared the most rapid in 2016 with an increase of 54%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X kg) was the main supplier of zirconium to Turkey, with a 91% share of total imports. It was followed by the United States (X kg), with a 1% share of total imports. The third position in this ranking was taken by the UK (X kg), with a 1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at -24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-37.4% per year) and the UK (-50.8% per year).

In value terms, Italy ($X) constituted the largest supplier of zirconium to Turkey, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 2.7% share of total imports. It was followed by the UK, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-51.4% per year) and the UK (-46.1% per year).

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 an increase of 44%. The import price peaked at $X per ton in 2016; however, from 2017 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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for zirconium in the world?

The countries with the highest volumes of in 2021 were Australia, South Africa and China, with a combined 76% share of global consumption. These countries were followed by Indonesia, Mozambique, India and Ukraine, which together accounted for a further 20%.

What are the largest producers of zirconium in the world?

The countries with the highest volumes of in 2021 were Australia, South Africa and China, together accounting for 76% of global production. These countries were followed by Indonesia, Mozambique, India and Ukraine, which together accounted for a further 20%.

What are the leading suppliers of zirconium to Turkey?

In value terms, Italy constituted the largest supplier of zirconium to Turkey.

What are the leading importers of zirconium from Turkey?

In value terms, Germany $614), the Czech Republic $352) and Canada $78) appeared to be the largest markets for zirconium exported from Turkey worldwide, with a combined 91% share of total exports. These countries were followed by the UK, which accounted for a further 0.1%.

What is the average export price for zirconium in Turkey?

The average zirconium export price stood at $28,675 per ton in 2021, falling by -10.9% against the previous year.

What is the average import price for zirconium in Turkey?

In 2021, the average zirconium import price amounted to $47,647 per ton, reducing by -73.2% against the previous year.

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

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023