U.S. - Tantalum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDecember 2023 Sees a Significant Decline in United States' Tantalum Imports, Down to $7 Million
U.S. Tantalum Imports
In December 2023, overseas purchases of tantalum decreased by -29.5% to 17 tons for the first time since September 2023, thus ending a two-month rising trend. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in October 2023 with an increase of 38% m-o-m.
In value terms, tantalum imports declined remarkably to $7M (IndexBox estimates) in December 2023. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in February 2023 with an increase of 21% month-to-month.
| COUNTRY | Import Value of Tantalum in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Germany | 10.5 | 1.4 | 3.0 | 4.1 | 4.3 | 2.2 | 1.7 | 1.5 | 4.1 | 2.8 | 2.6 | 2.8 | 3.0 |
| China | 5.2 | 5.0 | 6.5 | 6.4 | 2.1 | 2.7 | 4.5 | 5.2 | 4.6 | 2.7 | 3.2 | 3.2 | 2.6 |
| Thailand | 0.9 | 2.1 | 2.5 | 2.1 | 0.6 | 1.2 | 1.2 | 1.1 | 0.6 | 0.5 | 1.0 | 2.2 | 1.3 |
| Mexico | 0.7 | N/A | 0.7 | 0.9 | < 0.1 | < 0.1 | < 0.1 | N/A | N/A | < 0.1 | N/A | N/A | N/A |
| Japan | 1.7 | 1.4 | 0.4 | 0.2 | 0.2 | 0.7 | 0.4 | 0.6 | 0.4 | 0.8 | 0.7 | 1.1 | < 0.1 |
| Kazakhstan | 1.2 | 2.3 | 2.0 | 1.6 | 1.9 | 0.9 | 1.9 | 0.5 | 0.6 | 0.1 | 0.5 | 0.4 | N/A |
| Others | < 0.1 | 0.5 | 0.1 | < 0.1 | 0.3 | 0.4 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 |
| Total | 20.2 | 12.6 | 15.2 | 15.5 | 9.3 | 8.2 | 9.8 | 8.8 | 10.4 | 6.9 | 8.2 | 9.7 | 7.0 |
Imports by Country
China (7.8 tons), Germany (6.7 tons) and Thailand (2.6 tons) were the main suppliers of tantalum imports to the United States, together comprising 99% of total imports.
From December 2022 to December 2023, the biggest increases were in Thailand (with a CAGR of +6.1%), while purchases for the other leaders experienced a decline.
In value terms, the largest tantalum suppliers to the United States were Germany ($3M), China ($2.6M) and Thailand ($1.3M), together accounting for 99% of total imports.
In terms of the main suppliers, Thailand, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In December 2023, the tantalum price stood at $405K per ton (CIF, US), increasing by 2.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 12% against the previous month. As a result, import price reached the peak level of $444K per ton. From October 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($581K per ton), while the price for China ($340K per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the tantalum market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
