Scandinavia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Scandinavia

The Scandinavia zirconium ore and concentrate market shrank dramatically to $X in 2023, falling by X% against the previous year. In general, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Zirconium Ores and Concentrates in Scandinavia

In value terms, zirconium ore and concentrate production shrank slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Scandinavia

In 2023, shipments abroad of zirconium ores and concentrates increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports skyrocketed to $X in 2023. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Sweden (X tons) represented the major exporter of zirconium ores and concentrates, achieving X% of total exports. It was distantly followed by Norway (X tons) and Finland (X tons), together making up a X% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of zirconium ores and concentrates. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Finland ($X) remains the largest zirconium ore and concentrate supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Finland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, almost unchanged from the previous year. Overall, the export price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Imports of Zirconium Ores and Concentrates

Imports in Scandinavia

In 2023, approx. X tons of zirconium ores and concentrates were imported in Scandinavia; falling by X% compared with the year before. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, zirconium ore and concentrate imports contracted significantly to $X in 2023. In general, imports saw a deep downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Sweden dominates imports structure, recording X tons, which was near X% of total imports in 2023. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of X% from 2012 to 2023. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden increased by X percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported zirconium ores and concentrates in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, zirconium ore and concentrate imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform