Germany: Zirconium Market 2024

Zirconium Market Size in Germany

In 2022, the German zirconium market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw significant growth. Zirconium consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zirconium Production in Germany

In value terms, zirconium production rose to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Zirconium Exports

Exports from Germany

Zirconium exports from Germany reduced slightly to X tons in 2022, with a decrease of X% compared with the previous year. In general, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, zirconium exports declined to $X in 2022. Overall, total exports indicated tangible growth 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 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for zirconium exports from Germany, with a X% share of total exports. Moreover, zirconium exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, the United States ($X), the Czech Republic ($X) and France ($X) constituted the largest markets for zirconium exported from Germany worldwide, together accounting for X% of total exports. Thailand, Belgium, the UK, Japan, Switzerland, Russia and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zirconium Imports

Imports into Germany

In 2022, overseas purchases of zirconium were finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, zirconium imports soared to $X in 2022. Overall, imports continue to indicate a moderate increase. 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 in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Sweden (X tons) and China (X tons) were the main suppliers of zirconium imports to Germany, with a combined X% share of total imports. Spain, France and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest zirconium suppliers to Germany were the United States ($X), Sweden ($X) and China ($X), with a combined X% share of total imports. Spain, France and South Korea lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average zirconium import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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