Brazil: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Brazil

After two years of growth, the Brazilian zirconium ore and concentrate market decreased by X% to $X in 2023. In general, consumption, however, posted moderate growth. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Production of Zirconium Ores and Concentrates in Brazil

In value terms, zirconium ore and concentrate production shrank notably to $X in 2023 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Zirconium ore and concentrate production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Exports of Zirconium Ores and Concentrates

Exports from Brazil

In 2023, overseas shipments of zirconium ores and concentrates decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports declined sharply to $X in 2023. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from Brazil, with a X% share of total exports. Moreover, zirconium ore and concentrate exports to China exceeded the volume sent to the second major destination, Argentina (X tons), ninefold.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Italy (X% per year).

In value terms, China ($X) remains the key foreign market for zirconium ores and concentrates exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average zirconium ore and concentrate export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports into Brazil

In 2023, after two years of growth, there was significant decline in purchases abroad of zirconium ores and concentrates, when their volume decreased by X% to X tons. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2022, and then shrank notably in the following year.

In value terms, zirconium ore and concentrate imports declined dramatically to $X in 2023. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

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

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

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

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

Import Prices by Country

In 2023, the average zirconium ore and concentrate import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zirconium ore and concentrate import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform