SADC: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in SADC

In 2023, the SADC zirconium ore and concentrate market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption faced a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in SADC

In value terms, zirconium ore and concentrate production rose modestly to $X in 2023 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Zirconium Ores and Concentrates

Exports in SADC

In 2023, overseas shipments of zirconium ores and concentrates increased by X% to X tons, rising for the third consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, zirconium ore and concentrate exports declined to $X in 2023. Total exports indicated a notable increase from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

South Africa was the key exporter of zirconium ores and concentrates in SADC, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. Mozambique (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Madagascar (X%).

From 2012 to 2023, average annual rates of growth with regard to zirconium ore and concentrate exports from South Africa stood at X%. At the same time, Mozambique (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. By contrast, Madagascar (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Madagascar (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest zirconium ore and concentrate supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports.

In South Africa, zirconium ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Madagascar (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell sharply in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in SADC

In 2023, approx. X tons of zirconium ores and concentrates were imported in SADC; rising by X% compared with the previous year's figure. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in the near future.

In value terms, zirconium ore and concentrate imports soared to $X in 2023. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

In 2023, Zambia (X tons), South Africa (X tons), Zimbabwe (X tons) and Tanzania (X tons) was the main importer of zirconium ores and concentrates in SADC, generating X% of total import. It was distantly followed by Democratic Republic of the Congo (X tons), constituting an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tanzania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium ore and concentrate importing markets in SADC were Zambia ($X), South Africa ($X) and Tanzania ($X), with a combined X% share of total imports.

Tanzania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform