Asia-Pacific: Zirconium Market 2024

Zirconium Market Size in Asia-Pacific

The Asia-Pacific zirconium market fell modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a slight setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Zirconium Production in Asia-Pacific

In value terms, zirconium production fell to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Zirconium Exports

Exports in Asia-Pacific

In 2022, shipments abroad of zirconium increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, zirconium exports contracted to $X in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) represented the key exporter of zirconium in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), creating a X% share of total exports. Hong Kong SAR (X tons) and Japan (X tons) held a relatively small share of total exports.

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

In value terms, China ($X) remains the largest zirconium supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a slight slump. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Zirconium Imports

Imports in Asia-Pacific

In 2022, the amount of zirconium imported in Asia-Pacific fell markedly to X tons, dropping by X% compared with the previous year's figure. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports reduced notably to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the major importer of zirconium in Asia-Pacific, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Vietnam (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), Japan (X%) and Taiwan (Chinese) (X%). South Korea (X tons) and Hong Kong SAR (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Malaysia, South Korea, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Import price indicated measured growth 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 import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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