Australia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Australia

In 2023, the Australian zirconium ore and concentrate market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Australia

In value terms, zirconium ore and concentrate production stood at $X in 2023 estimated in export price. In general, production recorded a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Australia

In 2023, overseas shipments of zirconium ores and concentrates decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports dropped dramatically to $X in 2023. Over the period under review, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of zirconium ore and concentrate exports from Australia, with a combined X% share of total exports. Malaysia, Thailand, Vietnam, South Korea and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for zirconium ore and concentrate exported from Australia were India ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports. Malaysia, Thailand, Vietnam, South Korea and Japan lagged somewhat behind, together accounting for a further X%.

Malaysia, 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 2023, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and South Korea ($X per ton), while the average price for exports to India ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Australia

After nine years of growth, overseas purchases of zirconium ores and concentrates decreased by X% to X tons in 2023. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted remarkably in the following year.

In value terms, zirconium ore and concentrate imports contracted sharply to $X in 2023. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell rapidly in the following year.

Imports by Country

In 2023, Senegal (X tons) constituted the largest zirconium ore and concentrate supplier to Australia, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Senegal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Senegal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

In value terms, Senegal ($X) constituted the largest supplier of zirconium ores and concentrates to Australia, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Senegal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and France (X% per year).

Import Prices by Country

In 2023, 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, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for South Africa ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform