Overview of the Global Market for Zirconium Ores and Concentrates

Market Size for Zirconium Ores and Concentrates

The global zirconium ore and concentrate market expanded rapidly to $X in 2021, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Zirconium Ores and Concentrates

In value terms, zirconium ore and concentrate production reached $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports

After two years of decline, overseas shipments of zirconium ores and concentrates increased by X% to X tons in 2021. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, zirconium ore and concentrate exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the global exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

South Africa represented the major exporting country with an export of about X tons, which accounted for X% of total exports. Senegal (X tons) held the second position in the ranking, followed by Australia (X tons), Mozambique (X tons) and Indonesia (X tons). All these countries together held near X% share of total exports. The following exporters - Sierra Leone (X tons), Malaysia (X tons), Kenya (X tons), Ukraine (X tons), Madagascar (X tons), Belgium (X tons), the United States (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2012 to 2021, average annual rates of growth with regard to zirconium ore and concentrate exports from South Africa stood at +X%. At the same time, Malaysia (+X%), Sierra Leone (+X%), Mozambique (+X%), Belgium (+X%), Kenya (+X%), the Netherlands (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Madagascar and Senegal experienced a relatively flat trend pattern. By contrast, the United States (-X%), Ukraine (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal, Mozambique, Sierra Leone, Malaysia and South Africa increased by +X, +X, +X, +X and +X percentage points, respectively. The United States (-X p.p.), Ukraine (-X p.p.) and Indonesia (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest zirconium ore and concentrate supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Australia ($X), with a X% share of global exports. It was followed by Senegal, with a X% share.

In South Africa, zirconium ore and concentrate exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Australia (+X% per year) and Senegal (X% per year).

Export Prices by Country

The average zirconium ore and concentrate export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other global leaders experienced more modest paces of growth.

Imports of Zirconium Ores and Concentrates

Imports

After two years of decline, overseas purchases of zirconium ores and concentrates increased by X% to X tons in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, global imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, zirconium ore and concentrate imports surged to $X in 2021. Overall, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China dominates imports structure, accounting for X tons, which was near X% of total imports in 2021. Spain (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%). Malaysia (X tons), Italy (X tons), the United States (X tons) and the Netherlands (X tons) held a minor share of total imports.

China was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of +X% from 2012 to 2021. At the same time, Malaysia (+X%), Spain (+X%), India (+X%) and the Netherlands (+X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, the United States (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy and the United States saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported zirconium ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was taken by Spain ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Spain (+X% per year) and India (+X% per year).

Import Prices by Country

The average zirconium ore and concentrate import price stood at $X per ton in 2021, rising by X% against the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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