Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (CIF) - 2023
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China
- Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (CIF) - 2023
The average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $846 per ton in December 2023, waning by -20% against the previous month. Over the period under review, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in July 2023 an increase of 78% m-o-m. Over the period under review, average import prices reached the maximum at $1,516 per ton in August 2023; however, from September 2023 to December 2023, 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 Indonesia ($1,238 per ton), while the price for Australia ($499 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 Sierra Leone (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (FOB) - 2022
The average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $2,217 per ton in 2022, with an increase of 34% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($3,549 per ton), while the average price for exports to Thailand ($2,048 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 Russia (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China
In 2022, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses into China declined to 1.2M tons, waning by -5.1% against the previous year. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of 1.3M tons, and then contracted in the following year.
In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $1.6B in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 500 | 428 | 515 | 601 | 6.3% |
| South Africa | 275 | 220 | 213 | 333 | 6.6% |
| Indonesia | 64.4 | 51.6 | 64.6 | 121 | 23.4% |
| Mozambique | 56.8 | 52.8 | 67.9 | 98.1 | 20.0% |
| Kenya | 37.9 | 32.5 | 27.4 | 46.0 | 6.7% |
| Senegal | 29.4 | 25.4 | 20.5 | 36.9 | 7.9% |
| Kazakhstan | 6.4 | 9.1 | 20.2 | 33.6 | 73.8% |
| Sierra Leone | 27.0 | 13.8 | 28.9 | 33.0 | 6.9% |
| Madagascar | 21.5 | 17.8 | 13.6 | 32.9 | 15.2% |
| United States | 33.9 | 2.6 | 11.9 | 2.9 | -55.9% |
| Others | 163 | 191 | 215 | 305 | 23.2% |
| Total | 1,214 | 1,044 | 1,198 | 1,643 | 10.6% |
Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to China in 2022:
- Australia (629.5K tons)
- South Africa (238.0K tons)
- Mozambique (82.4K tons)
- Indonesia (51.8K tons)
- Senegal (41.7K tons)
- Sierra Leone (35.0K tons)
- Kazakhstan (33.2K tons)
- Madagascar (24.5K tons)
- Kenya (19.9K tons)
- United States (4.7K tons)
Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China
In 2022, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses from China skyrocketed to 25K tons, jumping by 63% compared with the year before. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $55M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.5 | 13.0 | 16.8 | 27.7 | 12.4% |
| South Korea | 0.8 | 0.1 | 0.7 | 4.8 | 81.7% |
| India | N/A | 0.2 | 0.7 | 3.6 | 324.3% |
| Chile | 0.1 | N/A | 0.6 | 2.3 | 184.4% |
| Russia | 0.1 | 0.1 | N/A | 2.2 | 180.2% |
| Spain | N/A | N/A | N/A | 1.7 | 0% |
| Vietnam | N/A | 0.8 | 0.6 | 1.4 | 32.3% |
| Thailand | N/A | N/A | N/A | 1.2 | 0% |
| United Kingdom | 0.1 | 0.6 | 0.6 | 1.0 | 115.4% |
| Belgium | N/A | 1.3 | 1.4 | 0.3 | -52.0% |
| Australia | N/A | 2.6 | 1.1 | N/A | -57.7% |
| Others | 2.4 | 6.6 | 2.5 | 8.4 | 51.8% |
| Total | 23.1 | 25.2 | 24.9 | 54.6 | 33.2% |
Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from China in 2022:
- Japan (13.1K tons)
- South Korea (2.1K tons)
- India (1.6K tons)
- Chile (0.9K tons)
- Spain (0.7K tons)
- Vietnam (0.6K tons)
- Thailand (0.6K tons)
- Russia (0.6K tons)
- United Kingdom (0.5K tons)
- Belgium (0.1K tons)
310
This report provides an in-depth analysis of the market for zirconium ore and concentrate in China.
1311
This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
310
This report provides an in-depth analysis of the market for zirconium ore and concentrate in China.
1311
This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
276
Explore the top import markets for zirconium ore and concentrate, including China, Spain, India, the United States, Malaysia, Italy, Japan, France, Brazil, and Belgium. Gain valuable insights and key statistics from IndexBox market intelligence platform.
737
The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per ton, rising at an average annual rate of +1.1% over the past ten years.
276
Explore the top import markets for zirconium ore and concentrate, including China, Spain, India, the United States, Malaysia, Italy, Japan, France, Brazil, and Belgium. Gain valuable insights and key statistics from IndexBox market intelligence platform.
737
The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per ton, rising at an average annual rate of +1.1% over the past ten years.
