India: Zirconium Market 2024

Zirconium Market Size in India

The Indian zirconium market fell modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Zirconium Production in India

In value terms, zirconium production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Zirconium Exports

Exports from India

In 2022, the amount of zirconium exported from India expanded significantly to X tons, picking up by X% on 2021. Over the period under review, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zirconium exports reduced slightly to $X in 2022. In general, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for zirconium exports from India, with a X% share of total exports. Moreover, zirconium exports to Iran exceeded the volume sent to the second major destination, Canada (X kg), threefold. The third position in this ranking was held by the United Arab Emirates (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for zirconium exported from India were Iraq ($X), Iran ($X) and the United States ($X), together comprising X% of total exports. The United Arab Emirates, Taiwan (Chinese), Canada, Saudi Arabia and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bahrain, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average zirconium export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zirconium Imports

Imports into India

In 2022, imports of zirconium into India reduced markedly to X tons, dropping by X% compared with 2021. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports dropped rapidly to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Italy (X kg), France (X kg) and the United States (X kg) were the main suppliers of zirconium imports to India, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of zirconium to India, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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