Overview of the Global Market for Zirconium Ores and Concentrates

Market Size for Zirconium Ores and Concentrates

The global zirconium ore and concentrate market stood at $X in 2022, surging by X% against the previous year. Overall, consumption recorded a slight downturn. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates

In value terms, zirconium ore and concentrate production reduced to $X in 2022 estimated in export price. In general, production, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports

In 2022, overseas shipments of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, zirconium ore and concentrate exports soared to $X in 2022. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons) represented the main exporter of zirconium ores and concentrates, generating X% of total exports. Mozambique (X tons) held the second position in the ranking, followed by Indonesia (X tons) and Senegal (X tons). All these countries together took approx. X% share of total exports. Australia (X tons), Sierra Leone (X tons), Kazakhstan (X tons), Malaysia (X tons), Kenya (X tons), Madagascar (X tons), China (X tons), Belgium (X tons) and Vietnam (X tons) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Kazakhstan (X%), Mozambique (X%), Malaysia (X%), Sierra Leone (X%), Kenya (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. China, Madagascar, Australia and Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Mozambique, South Africa, Kazakhstan, Sierra Leone and Malaysia increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest zirconium ore and concentrate supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of global exports. It was followed by Senegal, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Senegal (X% per year).

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. In general, export price indicated a modest 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The global export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports

In 2022, global zirconium ore and concentrate imports declined modestly to X tons, reducing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, zirconium ore and concentrate imports surged to $X in 2022. In general, imports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Spain (X tons) held the second position in the ranking, followed by India (X tons). All these countries together held approx. X% share of total imports. The United States (X tons), Malaysia (X tons) and Italy (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to zirconium ore and concentrate imports into China stood at X%. At the same time, India (X%), Spain (X%), Malaysia (X%) and the United States (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. While the share of India (X p.p.) and Spain (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported zirconium ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was held by Spain ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, zirconium ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average zirconium ore and concentrate import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while China ($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 United States (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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