Italy: Zirconium Market 2024

Zirconium Market Size in Italy

In 2022, the Italian zirconium market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Zirconium Production in Italy

In value terms, zirconium production surged to $X in 2022 estimated in export price. In general, production, however, showed a abrupt downturn. Zirconium production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Zirconium Exports

Exports from Italy

In 2022, after three years of growth, there was significant decline in shipments abroad of zirconium, when their volume decreased by X% to X tons. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zirconium exports reduced markedly to $X in 2022. Overall, exports recorded a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for zirconium exports from Italy, with a X% share of total exports. Moreover, zirconium exports to Spain exceeded the volume sent to the second major destination, Romania (X kg), sevenfold. France (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for zirconium exports from Italy, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average zirconium export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($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 States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Zirconium Imports

Imports into Italy

In 2022, overseas purchases of zirconium increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, zirconium imports contracted to $X in 2022. In general, imports enjoyed a measured expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest zirconium supplier to Italy, with a X% share of total imports. Moreover, zirconium imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, the largest zirconium suppliers to Italy were China ($X), South Korea ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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