Poland: Market for Zirconium Ores and Concentrates 2023

Market Size for Zirconium Ores and Concentrates in Poland

The Polish zirconium ore and concentrate market surged to $X in 2021, picking up by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a resilient increase. Zirconium ore and concentrate consumption peaked in 2021 and is likely to see steady growth in the near future.

Exports of Zirconium Ores and Concentrates

Exports from Poland

In 2021, overseas shipments of zirconium ores and concentrates increased by 3,698% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 8,551% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports surged to $X in 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 9,190% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Russia (X tons) and the United States (X tons) were the main destinations of zirconium ore and concentrate exports from Poland, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +165.4%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for zirconium ores and concentrates exports from Poland, comprising 60% of total exports. The second position in the ranking was taken by Russia ($X), with a 28% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine totaled +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-16.6% per year) and the United States (+263.0% per year).

Export Prices by Country

In 2021, the average zirconium ore and concentrate export price amounted to $X per ton, waning by -11.8% against the previous year. In general, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 103%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were the United States ($X per ton) and Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) and Belarus ($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 the United States (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into Poland

In 2021, approx. X tons of zirconium ores and concentrates were imported into Poland; growing by 27% against the previous year. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 81%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2021. In general, imports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 94%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Ukraine (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of zirconium ore and concentrate imports to Poland, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +102.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Italy ($X) and the United States ($X) constituted the largest zirconium ore and concentrate suppliers to Poland, with a combined 79% share of total imports.

Among the main suppliers, Ukraine, with a CAGR of +106.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average zirconium ore and concentrate import price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. 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 the United States ($X per ton), while the price for the Netherlands ($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 (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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