Ukraine: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Ukraine

The Ukrainian zirconium ore and concentrate market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Zirconium Ores and Concentrates in Ukraine

In value terms, zirconium ore and concentrate production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a slight decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Zirconium ore and concentrate production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Ukraine

In 2022, exports of zirconium ores and concentrates from Ukraine contracted dramatically to X tons, dropping by X% on the previous year. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports declined significantly to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Spain (X tons), Poland (X tons) and Lithuania (X tons) were the main destinations of zirconium ore and concentrate exports from Ukraine, with a combined X% share of total exports.

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

In value terms, Spain ($X), Poland ($X) and Lithuania ($X) appeared to be the largest markets for zirconium ore and concentrate exported from Ukraine worldwide, together comprising X% of total exports.

Lithuania, with a CAGR of X%, recorded 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

The average zirconium ore and concentrate export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Turkey ($X per ton), while the average price for exports to Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Ukraine

In 2022, purchases abroad of zirconium ores and concentrates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, zirconium ore and concentrate imports fell significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of zirconium ore and concentrate to Ukraine, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Spain exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Italy (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Italy (X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price 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, zirconium ore and concentrate import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($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 mixed trend patterns.

Source: IndexBox Platform

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