China: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in China

After two years of growth, the Chinese zirconium ore and concentrate market decreased by X% to $X in 2023. In general, the total consumption indicated a modest increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2022, and then declined slightly in the following year.

Production of Zirconium Ores and Concentrates in China

In value terms, zirconium ore and concentrate production reached $X in 2023 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Exports of Zirconium Ores and Concentrates

Exports from China

In 2023, approx. X tons of zirconium ores and concentrates were exported from China; shrinking by X% on 2022 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped modestly in the following year.

In value terms, zirconium ore and concentrate exports contracted modestly to $X in 2023. Over the period under review, exports, however, continue to indicate a noticeable increase. 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 2022, and then reduced in the following year.

Exports by Country

Japan (X tons) was the main destination for zirconium ore and concentrate exports from China, with a X% share of total exports. Moreover, zirconium ore and concentrate exports to Japan exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

In value terms, Japan ($X) remains the key foreign market for zirconium ores and concentrates exports from China, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2023, flattening at the previous year. In general, the export price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Hong Kong SAR ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into China

In 2023, imports of zirconium ores and concentrates into China skyrocketed to X tons, rising by X% on the previous year. Over the period under review, total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, zirconium ore and concentrate imports contracted to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

Australia (X tons), South Africa (X tons) and Mozambique (X tons) were the main suppliers of zirconium ore and concentrate imports to China, with a combined X% share of total imports. Sierra Leone, Kazakhstan, Indonesia, Nigeria, Madagascar, Senegal, Sri Lanka, Kenya, the United States and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate suppliers to China were Australia ($X), South Africa ($X) and Mozambique ($X), with a combined X% share of total imports. Indonesia, Sierra Leone, Kazakhstan, Madagascar, Kenya, Senegal, Sri Lanka, Nigeria, Pakistan and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform