Hong Kong SAR, China: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in Hong Kong SAR, China

In 2021, the Hong Kong zirconium ore and concentrate market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption posted prominent growth. Zirconium ore and concentrate consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Zirconium Ores and Concentrates in Hong Kong SAR, China

In value terms, zirconium ore and concentrate production amounted to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Hong Kong SAR, China

In 2021, overseas shipments of zirconium ores and concentrates decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. 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 attained the maximum at X tons in 2020, and then reduced markedly in the following year.

In value terms, zirconium ore and concentrate exports fell sharply to $X in 2021. Over the period under review, exports saw a perceptible slump. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2020, and then reduced sharply in the following year.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +X%.

In value terms, China ($X) also remains the key foreign market for zirconium ore and concentrate exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +X%.

Export Prices by Country

In 2021, the average zirconium ore and concentrate export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Imports of Zirconium Ores and Concentrates

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of zirconium ores and concentrates decreased by -X% to X tons in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, zirconium ore and concentrate imports declined sharply to $X in 2021. Overall, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), China (X tons) and Australia (X tons) were the main suppliers of zirconium ore and concentrate imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2021, the average zirconium ore and concentrate import price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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