Eastern Asia: Market for Zirconium Ores and Concentrates 2024

Market Size for Zirconium Ores and Concentrates in Eastern Asia

In 2023, the East Asian zirconium ore and concentrate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then reduced modestly in the following year.

Production of Zirconium Ores and Concentrates in Eastern Asia

In value terms, zirconium ore and concentrate production rose to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Zirconium Ores and Concentrates

Exports in Eastern Asia

In 2023, approx. X tons of zirconium ores and concentrates were exported in Eastern Asia; flattening at 2022. Total exports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then dropped slightly in the following year.

In value terms, zirconium ore and concentrate exports declined to $X in 2023. In general, exports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined modestly in the following year.

Exports by Country

In 2023, China (X tons) represented the main exporter of zirconium ores and concentrates, creating X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together comprising an X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of zirconium ores and concentrates. At the same time, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Taiwan (Chinese) and Hong Kong SAR increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest zirconium ore and concentrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, zirconium ore and concentrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Zirconium Ores and Concentrates

Imports in Eastern Asia

In 2023, approx. X tons of zirconium ores and concentrates were imported in Eastern Asia; with an increase of X% compared with 2022 figures. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, zirconium ore and concentrate imports dropped to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

The countries with the highest levels of zirconium ore and concentrate imports in 2023 were China (X tons), together amounting to X% of total import.

China was also the fastest-growing in terms of the zirconium ores and concentrates imports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of China increased by X percentage points, while 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 in Eastern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in China was relatively modest.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform