Asia: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in Asia

The Asian zirconium ore and concentrate market skyrocketed to $X in 2021, growing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Zirconium Ores and Concentrates in Asia

In value terms, zirconium ore and concentrate production expanded sharply to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Asia

In 2021, shipments abroad of zirconium ores and concentrates increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports, however, saw a noticeable contraction. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Indonesia was the key exporter of zirconium ores and concentrates in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2021. Malaysia (X tons) took the second position in the ranking, distantly followed by China (X tons), Kazakhstan (X tons), Pakistan (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together took near X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest zirconium ore and concentrate supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and China (-X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, jumping by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports in Asia

Zirconium ore and concentrate imports surged to X tons in 2021, jumping by X% compared with the year before. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, zirconium ore and concentrate imports surged to $X in 2021. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near X% of total imports in 2021. It was distantly followed by India (X tons), making up a X% share of total imports. Malaysia (X tons) took a little share of total imports.

China was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of +X% from 2012 to 2021. At the same time, Malaysia (+X%) and India (+X%) displayed positive paces of growth. China (+X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported zirconium ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports.

In China, zirconium ore and concentrate imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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