Eastern Europe: Zirconium Market 2024

Zirconium Market Size in Eastern Europe

The East European zirconium market expanded to $X in 2022, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Zirconium Production in Eastern Europe

In value terms, zirconium production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Zirconium Exports

Exports in Eastern Europe

In 2022, overseas shipments of zirconium decreased by X% to X kg, falling for the third year in a row after two years of growth. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zirconium exports plummeted to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hungary represented the main exporting country with an export of about X kg, which recorded X% of total exports. It was distantly followed by Russia (X kg), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%).

In value terms, the largest zirconium supplying countries in Eastern Europe were Hungary ($X) and Russia ($X).

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Hungary amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Zirconium Imports

Imports in Eastern Europe

Zirconium imports dropped modestly to X tons in 2022, which is down by X% against 2021. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, zirconium imports shrank modestly to $X in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Russia (X tons) represented the major importer of zirconium, constituting X% of total imports. Romania (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), the Czech Republic (X%) and Poland (X%).

From 2012 to 2022, average annual rates of growth with regard to zirconium imports into Russia stood at X%. At the same time, Poland (X%), Romania (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Romania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hungary (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported zirconium in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

In Russia, zirconium imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Hungary (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a noticeable expansion. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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