Eastern Europe: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Eastern Europe

For the third consecutive year, the East European zirconium ore and concentrate market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption showed a prominent expansion. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in years to come.

Production of Zirconium Ores and Concentrates in Eastern Europe

In value terms, zirconium ore and concentrate production reached $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2023 and is expected to retain growth in the near future.

Exports of Zirconium Ores and Concentrates

Exports in Eastern Europe

In 2023, approx. X tons of zirconium ores and concentrates were exported in Eastern Europe; which is down by X% on 2022 figures. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports contracted significantly to $X in 2023. Overall, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Russia (X tons), distantly followed by Ukraine (X tons), Poland (X tons) and Estonia (X tons) represented the main exporters of zirconium ores and concentrates, together creating X% of total exports. The following exporters - Lithuania (X tons) and the Czech Republic (X tons) - each reached a X% share of total exports.

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

In value terms, Russia ($X) remains the largest zirconium ore and concentrate supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Poland (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in Eastern Europe

Zirconium ore and concentrate imports surged to X tons in 2023, with an increase of X% against the year before. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports reduced slightly to $X in 2023. Overall, imports showed a noticeable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then fell modestly in the following year.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Estonia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Hungary (X%) and Poland (X%). Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to zirconium ore and concentrate imports into Russia stood at X%. At the same time, Estonia (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Estonia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Hungary (X p.p.) and Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Estonia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum 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 destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform