Japan: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in Japan

After two years of decline, the Japanese zirconium ore and concentrate market increased by X% to $X in 2021. Overall, consumption, however, showed a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports from Japan

For the third consecutive year, Japan recorded decline in shipments abroad of zirconium ores and concentrates, which decreased by -X% to X tons in 2021. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports fell remarkably to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), China (X tons) and Brazil (X tons) were the main destinations of zirconium ore and concentrate exports from Japan, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +X%), while shipments for the other leaders experienced a decline.

In value terms, Indonesia ($X) remains the key foreign market for zirconium ore and concentrate exports from Japan, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Brazil (+X% per year).

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. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zirconium ore and concentrate export price increased by +X% against 2019 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Indonesia ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Japan

In 2021, overseas purchases of zirconium ores and concentrates increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports rose markedly to $X in 2021. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of zirconium ore and concentrate to Japan, with a X% share of total imports. Moreover, zirconium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, Senegal (X tons), fivefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+X% per year) and Indonesia (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of zirconium ore and concentrate to Japan, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

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

Import Prices by Country

In 2021, the average zirconium ore and concentrate import price amounted to $X per ton, dropping by -X% against the previous year. Overall, the import price showed a perceptible decline. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Russia ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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