China: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in China

The Chinese zirconium ore and concentrate market surged to $X in 2021, jumping by X% against the previous year. Over the period under review, consumption showed a strong increase. Zirconium ore and concentrate consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Zirconium Ores and Concentrates in China

In value terms, zirconium ore and concentrate production expanded to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable curtailment. 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 2021, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from China

In 2021, the amount of zirconium ores and concentrates exported from China plummeted to X tons, dropping by -X% compared with the previous year's figure. Over the period under review, exports showed a slight descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports fell modestly to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for zirconium ore and concentrate exports from China, accounting for a X% share of total exports. Moreover, zirconium ore and concentrate exports to Japan exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Japan ($X) emerged as the key foreign market for zirconium ore and concentrate exports from China, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Chile ($X per ton) and Japan ($X per ton), while the average price for exports to India ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-X%), while the prices for the other major destinations experienced a decline.

Imports of Zirconium Ores and Concentrates

Imports into China

In 2021, approx. X tons of zirconium ores and concentrates were imported into China; growing by X% compared with 2020. In general, imports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Australia (X tons) constituted the largest zirconium ore and concentrate supplier to China, accounting for a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was held by Mozambique (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and Mozambique (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of zirconium ore and concentrate to China, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and Mozambique (+X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, 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 Market Intelligence Platform

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