Market for Zirconium Ore and Concentrate in China
Market Overview
The Chinese zirconium ore and concentrate market skyrocketed to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in and is expected to retain growth in the immediate term.
In value terms, zirconium ore and concentrate production contracted modestly to $ in estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in and is expected to retain growth in the immediate term.In value terms, zirconium ore and concentrate production contracted modestly to $
in estimated in export price. In general, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , the amount of zirconium ores and concentrates consumed in China totaled tons, remaining constant against the year before. Overall, the total consumption indicated buoyant growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, consumption attained the maximum volume in and is likely to continue growth in the immediate term.
The value of the zirconium ore and concentrate market in China surged to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient increase. Zirconium ore and concentrate consumption peaked in and is likely to continue growth in the immediate term.
, the amount of zirconium ores and concentrates consumed in China totaled tons, remaining constant against the year before. Overall, the total consumption indicated buoyant growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, consumption attained the maximum volume in and is likely to continue growth in the immediate term.The value of the zirconium ore and concentrate market in China surged to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient increase. Zirconium ore and concentrate consumption peaked in and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for zirconium ores and concentrates in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen-year period (from % to %). Total import supply of zirconium ore and concentrate is expected to rise, though it will be moderately impacted by price increases. Zirconium ore and concentrate market in China consists almost entirely of imported products.
% to %). Total import supply of zirconium ore and concentrate is expected to rise, though it will be moderately impacted by price increases. Zirconium ore and concentrate market in China consists almost entirely of imported products.Trade Balance
China remains a net importer of zirconium ore and concentrate; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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