
Philippines - Zirconium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Philippines: Market for Zirconium Ores and Concentrates 2023
Market Size for Zirconium Ores and Concentrates in the Philippines
In 2021, the Philippine zirconium ore and concentrate market increased by 1,102% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a strong increase. Zirconium ore and concentrate consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Imports of Zirconium Ores and Concentrates
Imports into the Philippines
In 2021, after two years of decline, there was significant growth in supplies from abroad of zirconium ores and concentrates, when their volume increased by 1,040% to X tons. Over the period under review, imports recorded a tangible increase. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, zirconium ore and concentrate imports surged to $X in 2021. In general, imports posted strong growth. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Taiwan (Chinese) (X tons) constituted the largest zirconium ore and concentrate supplier to the Philippines, accounting for a 83% share of total imports. Moreover, zirconium ore and concentrate imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.
From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +2.5%.
In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of zirconium ores and concentrates to the Philippines, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled +3.5%.
Import Prices by Country
In 2021, the average zirconium ore and concentrate import price amounted to $X per ton, increasing by 8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.0%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for zirconium ore and concentrate in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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