U.S.: Market for Zirconium Ores and Concentrates 2022

Market Size for Zirconium Ores and Concentrates in the U.S.

After two years of growth, the U.S. zirconium ore and concentrate market decreased by -X% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates in the U.S.

In value terms, zirconium ore and concentrate production fell significantly to $X in 2021. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Zirconium ore and concentrate production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Zirconium Ores and Concentrates

Exports from the U.S.

In 2021, shipments abroad of zirconium ores and concentrates decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, zirconium ore and concentrate exports reduced rapidly to $X in 2021. In general, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for zirconium ore and concentrate exports from the United States, with a X% share of total exports. Moreover, zirconium ore and concentrate exports to China exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Mexico (-X% per year).

In value terms, China ($X), Mexico ($X) and India ($X) constituted the largest markets for zirconium ore and concentrate exported from the United States worldwide, together comprising X% of total exports.

India, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average zirconium ore and concentrate export price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports into the U.S.

In 2021, overseas purchases of zirconium ores and concentrates increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, zirconium ore and concentrate imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X tons), Australia (X tons) and Senegal (X tons) were the main suppliers of zirconium ore and concentrate imports to the United States, with a combined X% share of total imports.

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

In value terms, South Africa ($X), Australia ($X) and Senegal ($X) were the largest zirconium ore and concentrate suppliers to the United States, together accounting for X% of total imports.

Among the main suppliers, Senegal, with a CAGR of +X%, saw the highest growth rate of 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, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably countryorigin: the country with the highest price was Russia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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