Russian Federation: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in the Russian Federation

The Russian zirconium ore and concentrate market was estimated at $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption enjoyed prominent growth. Zirconium ore and concentrate consumption peaked in 2023 and is expected to retain growth in years to come.

Production of Zirconium Ores and Concentrates in the Russian Federation

In value terms, zirconium ore and concentrate production declined to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Zirconium ore and concentrate production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Zirconium Ores and Concentrates

Exports from the Russian Federation

After two years of growth, shipments abroad of zirconium ores and concentrates decreased by X% to X tons in 2023. Overall, exports saw a pronounced setback. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, zirconium ore and concentrate exports shrank remarkably to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

The United States (X tons), the Czech Republic (X tons) and Turkey (X tons) were the main destinations of zirconium ore and concentrate exports from Russia, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and the Czech Republic ($X) constituted the largest markets for zirconium ore and concentrate exported from Russia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Turkey, 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

The average zirconium ore and concentrate export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zirconium ore and concentrate export price increased by X% against 2021 indices. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2022, and then reduced modestly in the following year.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into the Russian Federation

In 2023, the amount of zirconium ores and concentrates imported into Russia surged to X tons, jumping by X% against the previous year's figure. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, zirconium ore and concentrate imports dropped rapidly to $X in 2023. Overall, imports saw a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then dropped significantly in the following year.

Imports by Country

Poland (X tons), Estonia (X tons) and China (X tons) were the main suppliers of zirconium ore and concentrate imports to Russia, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and China ($X) constituted the largest zirconium ore and concentrate suppliers to Russia, together comprising X% of total imports.

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

Import Prices by Country

In 2023, the average zirconium ore and concentrate import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform