EU: Zirconium Market 2024

Zirconium Market Size in the EU

In 2022, the EU zirconium market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a noticeable expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Zirconium Production in the EU

In value terms, zirconium production expanded to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Zirconium Exports

Exports in the EU

In 2022, exports of zirconium in the European Union shrank sharply to X tons, declining by X% compared with 2021 figures. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, zirconium exports shrank to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany was the major exporter of zirconium in the European Union, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Spain (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons). All these countries together took near X% share of total exports. Italy (X tons) took a relatively small share of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. Spain (X p.p.), the Netherlands (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while Italy saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Germany ($X) remains the largest zirconium supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Zirconium Imports

Imports in the EU

In 2022, supplies from abroad of zirconium was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, zirconium imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) and France (X tons) were the major importers of zirconium in the European Union, together accounting for near X% of total imports. It was distantly followed by Belgium (X tons), creating a X% share of total imports. Romania (X tons), Italy (X tons), Hungary (X tons), the Czech Republic (X tons), Slovenia (X tons), Poland (X tons), Spain (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Hungary, the Netherlands, Slovenia, Spain, Poland, Belgium and Romania lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a measured expansion. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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