Price for Zirconium; Articles Thereof, Including Waste and Scrap in South Korea - 2022

Contents:

  1. Price for Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022
  2. Price for Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022
  3. Imports of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea
  4. Exports of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea

Price for Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (CIF) - 2022

In 2022, the average import price for zirconium; articles thereof, including waste and scrap amounted to $182,791 per ton, rising by 15% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zirconium; articles thereof, including waste and scrap increased by +14.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($212,446 per ton), while the price for Japan ($21,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (FOB) - 2022

In 2022, the average export price for zirconium; articles thereof, including waste and scrap amounted to $34,684 per ton, increasing by 24% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 167%. Over the period under review, the average export prices attained the maximum at $45,370 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($111,475 per ton), while the average price for exports to the United States ($17,843 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 China (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea

After three years of growth, overseas purchases of zirconium; articles thereof, including waste and scrap decreased by -25.4% to 268 tons in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. As a result, imports attained the peak of 360 tons, and then shrank sharply in the following year.

In value terms, imports of zirconium; articles thereof, including waste and scrap declined to $49M in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 115% against the previous year. As a result, imports attained the peak of $57M, and then declined in the following year.

Import of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States18.619.837.438.827.8%
France4.24.711.37.923.4%
Russia0.21.47.40.751.8%
China0.40.20.40.614.5%
Japan0.30.20.10.1-30.7%
Others0.70.40.70.84.6%
Total24.526.757.449.026.0%

Top Suppliers of Zirconium; Articles Thereof, Including Waste and Scrap to South Korea in 2022:

  1. United States (182.7 tons)
  2. France (68.0 tons)
  3. Japan (5.4 tons)
  4. China (5.0 tons)
  5. Russia (1.7 tons)

Exports of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea

In 2022, exports of zirconium; articles thereof, including waste and scrap from South Korea amounted to 55 tons, picking up by 13% compared with 2021. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 183%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of zirconium; articles thereof, including waste and scrap surged to $1.9M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 84% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Export of Zirconium; Articles Thereof, Including Waste and Scrap in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States62.51.225245093.1%
Germany27221630743416.9%
Japan28.837.388.4268110.3%
United Kingdom81.416.943.012114.1%
Canada4.327.075.192.3177.9%
Italy94535419887.8-54.7%
Israel99.020.722157.8-16.4%
Brazil56.56.719.925.5-23.3%
Others32855.81483593.1%
Total1,8777361,3521,8950.3%

Top Export Markets for Zirconium; Articles Thereof, Including Waste and Scrap from South Korea in 2022:

  1. United States (25.2 tons)
  2. Japan (13.6 tons)
  3. United Kingdom (5.8 tons)
  4. Germany (3.9 tons)
  5. Canada (1.5 tons)
  6. Israel (1.0 tons)
  7. Brazil (0.9 tons)
  8. Italy (0.9 tons)

Source: IndexBox Market Intelligence Platform

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