United Arab Emirates: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in the United Arab Emirates

In 2022, the zirconium ore and concentrate market in the United Arab Emirates decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Zirconium Ores and Concentrates in the United Arab Emirates

In value terms, zirconium ore and concentrate production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by X%. Zirconium ore and concentrate production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Zirconium Ores and Concentrates

Exports from the United Arab Emirates

After seven years of growth, shipments abroad of zirconium ores and concentrates decreased by X% to X tons in 2022. In general, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure 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 dropped markedly to $X in 2022. Overall, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal (X tons), Saudi Arabia (X tons) and Russia (X tons) were the main destinations of zirconium ore and concentrate exports from the United Arab Emirates, with a combined X% share of total exports. Australia, Ukraine, Oman and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (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 the United Arab Emirates were Saudi Arabia ($X), Russia ($X) and Senegal ($X), with a combined X% share of total exports. Australia, Oman, Ukraine and India lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to 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, remaining relatively unchanged against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

Imports of Zirconium Ores and Concentrates

Imports into the United Arab Emirates

After two years of growth, overseas purchases of zirconium ores and concentrates decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports fell notably to $X in 2022. In general, imports saw a slight decrease. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of zirconium ore and concentrate to the United Arab Emirates, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a X% share.

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

In value terms, Australia ($X), India ($X) and Thailand ($X) constituted the largest zirconium ore and concentrate suppliers to the United Arab Emirates, with a combined X% share of total imports.

Among the main suppliers, Thailand, with a CAGR of X%, recorded 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, dropping by X% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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