EU: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in the EU

In 2021, the EU zirconium ore and concentrate market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in the EU

In value terms, zirconium ore and concentrate production dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Exports of Zirconium Ores and Concentrates

Exports in the EU

In 2021, overseas shipments of zirconium ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, zirconium ore and concentrate exports surged to $X in 2021. Overall, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the key exporter of zirconium ores and concentrates in the European Union, with the volume of exports amounting to X tons, which was near X% of total exports in 2021. It was distantly followed by the Netherlands (X tons), Spain (X tons) and France (X tons), together generating a X% share of total exports. The following exporters - Germany (X tons) and Italy (X tons) - each accounted for a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate supplying countries in the European Union were Belgium ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total exports.

Among the main exporting countries, Belgium, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in the EU

In 2021, supplies from abroad of zirconium ores and concentrates increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Spain represented the main importing country with an import of about X tons, which amounted to X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Belgium (X%) and France (X%). Germany (X tons) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of +X% from 2012 to 2021. At the same time, Belgium (+X%) and the Netherlands (+X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, France (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Spain (+X p.p.), Belgium (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Italy (-X p.p.), France (-X p.p.) and Germany (-X p.p.) displayed negative dynamics.

In value terms, Spain ($X) constitutes the largest market for imported zirconium ores and concentrates in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Spain stood at +X%. In the other countries, the average annual rates were as follows: Italy (-X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Italy ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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