Europe: Zirconium Market 2024

Zirconium Market Size in Europe

The Europe zirconium market was estimated at $X in 2022, with an increase of X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Zirconium Production in Europe

In value terms, zirconium production reached $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Zirconium Exports

Exports in Europe

Zirconium exports contracted remarkably to X tons in 2022, waning by X% against 2021 figures. Total exports indicated a slight increase 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, zirconium exports contracted to $X in 2022. Total exports indicated perceptible 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%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany was the largest exporter of zirconium in Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Spain (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons). All these countries together held near X% share of total exports. The following exporters - Italy (X tons) and the UK (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to zirconium exports from Germany stood at X%. 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 Europe, with a CAGR of X% from 2012-2022. By contrast, the UK (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, the Netherlands and Germany increased by X, X and X percentage points, respectively.

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

In Germany, zirconium exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, picking up 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 attained the peak level of $X per ton. From 2014 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 the UK ($X per ton), while Spain ($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 Europe

In 2022, overseas purchases of zirconium were finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, zirconium imports soared to $X in 2022. Total imports indicated a measured 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), France (X tons), Russia (X tons) and the UK (X tons) was the major importer of zirconium in Europe, achieving X% of total import. Belgium (X tons), Romania (X tons), Italy (X tons), Hungary (X tons), the Czech Republic (X tons), Slovenia (X tons) and Switzerland (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 key importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Russia ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The UK, the Czech Republic, Italy, Hungary, Switzerland, Slovenia, Belgium and Romania lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded 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 Europe amounted to $X per ton, leveling off at the previous year. Import price indicated a notable increase from 2012 to 2022: its price 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, zirconium import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :