Global Zirconium Market 2024

Zirconium Market Size

The global zirconium market shrank modestly to $X in 2022, almost unchanged from the previous year. In general, consumption continues to indicate a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the global market remained at a lower figure.

Zirconium Production

In value terms, zirconium production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Zirconium Exports

Exports

In 2022, global exports of zirconium surged to X tons, increasing by X% on the previous year's figure. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, zirconium exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the largest exporter of zirconium in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Taiwan (Chinese) (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United States (X%), China (X%) and Germany (X%). Spain (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to zirconium exports from South Africa stood at X%. At the same time, Spain (X%), China (X%), Taiwan (Chinese) (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the global exports, while Germany and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. South Africa, Taiwan (Chinese) and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average zirconium export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced mixed trends in the export price figures.

Zirconium Imports

Imports

In 2022, supplies from abroad of zirconium was finally on the rise to reach X tons after three years of decline. In general, total imports indicated a perceptible expansion 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 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of global 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 relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, global imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the main importing country with an import of around X tons, which reached X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), China (X%) and France (X%). Russia (X tons), the UK (X tons), Vietnam (X tons) and Senegal (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to zirconium imports into the United States stood at X%. At the same time, Saudi Arabia (X%), Russia (X%), Senegal (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%), China (X%) and the UK (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Saudi Arabia (X p.p.), Russia (X p.p.) and Senegal (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Vietnam (X p.p.), China (X p.p.) and the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest zirconium importing markets worldwide were the United States ($X), France ($X) and Russia ($X), with a combined X% share of global imports. Germany, the UK, China, Vietnam, Saudi Arabia and Senegal lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average zirconium import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a mild downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Saudi Arabia ($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 UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :