Price for Zirconium; Articles Thereof, Including Waste and Scrap in the United States - 2024
Contents:
- Price for Zirconium; Articles Thereof, Including Waste and Scrap in the United States (FOB) - 2024
- Price for Zirconium; Articles Thereof, Including Waste and Scrap in the United States (CIF) - 2022
- Exports of Zirconium; Articles Thereof, Including Waste and Scrap in the United States
- Imports of Zirconium; Articles Thereof, Including Waste and Scrap in the United States
Price for Zirconium; Articles Thereof, Including Waste and Scrap in the United States (FOB) - 2024
The average export price for zirconium; articles thereof, including waste and scrap stood at $75,897 per ton in May 2024, which is down by -20.1% against the previous month. Over the period under review, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in August 2023 an increase of 83% m-o-m. As a result, the export price attained the peak level of $154K per ton. From September 2023 to May 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($212K per ton), while the average price for exports to Estonia ($9,978 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Zirconium; Articles Thereof, Including Waste and Scrap in the United States (CIF) - 2022
The average import price for zirconium; articles thereof, including waste and scrap stood at $75,380 per ton in 2022, jumping by 20% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $118,501 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($175,459 per ton), while the price for China ($15,855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Zirconium; Articles Thereof, Including Waste and Scrap in the United States
In 2022, approx. 1.9K tons of zirconium; articles thereof, including waste and scrap were exported from the United States; jumping by 24% against the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of zirconium; articles thereof, including waste and scrap surged to $145M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Zirconium; Articles Thereof, Including Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 46.0 | 45.2 | 42.6 | 43.2 | -2.1% |
| South Korea | 11.1 | 22.9 | 38.6 | 31.9 | 42.2% |
| France | 8.6 | 11.1 | 7.2 | 19.5 | 31.4% |
| United Kingdom | 8.7 | 6.8 | 6.6 | 13.8 | 16.6% |
| Sweden | 11.7 | 6.6 | 6.5 | 11.8 | 0.3% |
| China | 10.6 | 2.7 | 1.0 | 5.1 | -21.6% |
| Japan | 5.8 | 5.3 | 4.2 | 4.0 | -11.6% |
| Belgium | 2.4 | 1.0 | 1.3 | 3.4 | 12.3% |
| Germany | 3.7 | 2.6 | 2.0 | 2.9 | -7.8% |
| Others | 13.0 | 14.9 | 15.4 | 9.4 | -10.2% |
| Total | 122 | 119 | 125 | 145 | 5.9% |
Top Export Markets for Zirconium; Articles Thereof, Including Waste and Scrap from the United States in 2022:
- Canada (430.2 tons)
- France (334.5 tons)
- Belgium (254.3 tons)
- South Korea (155.9 tons)
- Sweden (155.0 tons)
- United Kingdom (130.0 tons)
- Germany (121.0 tons)
- Japan (89.6 tons)
- China (86.3 tons)
Imports of Zirconium; Articles Thereof, Including Waste and Scrap in the United States
In 2022, approx. 1.1K tons of zirconium; articles thereof, including waste and scrap were imported into the United States; with a decrease of -11.8% compared with 2021 figures. Overall, imports continue to indicate a precipitous setback.
In value terms, imports of zirconium; articles thereof, including waste and scrap amounted to $81M in 2022. Over the period under review, imports saw a deep downturn.
| Import of Zirconium; Articles Thereof, Including Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 57.0 | 50.3 | 58.4 | 64.3 | 4.1% |
| China | 18.6 | 12.8 | 4.2 | 6.0 | -31.4% |
| Germany | 11.4 | 8.7 | 8.6 | 4.6 | -26.1% |
| Japan | 3.6 | 4.8 | 1.0 | 2.3 | -13.9% |
| Canada | 1.4 | 1.7 | 1.1 | 1.3 | -2.4% |
| Belgium | 0.6 | 0.3 | 1.3 | 0.6 | 0.0% |
| South Korea | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Others | 1.4 | 1.0 | 1.1 | 1.3 | -2.4% |
| Total | 94.0 | 79.7 | 76.0 | 80.7 | -5.0% |
Top Suppliers of Zirconium; Articles Thereof, Including Waste and Scrap to the United States in 2022:
- China (378.4 tons)
- France (366.4 tons)
- Japan (134.3 tons)
- Germany (95.3 tons)
- Canada (34.1 tons)
- Belgium (20.8 tons)
- South Korea (16.2 tons)
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