Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary - 2023

Contents:

  1. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary (CIF) - 2023
  2. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary (FOB) - 2022
  3. Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary
  4. Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary (CIF) - 2023

The average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $2,854 per ton in September 2023, declining by -3.5% against the previous month. In general, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in November 2022 when the average import price increased by 15% against the previous month. The import price peaked at $3,683 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($2,859 per ton), while the price for the Netherlands amounted to $2,834 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary (FOB) - 2022

In 2022, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $3,267 per ton, increasing by 280% against the previous year. In general, the export price, however, recorded a deep setback. The export price peaked at $13,389 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,418 per ton), while the average price for exports to Sweden ($3,256 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 Poland (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary

In 2022, approx. 1.8K tons of niobium, tantalum, vanadium or zirconium ores and concentrateses were imported into Hungary; with an increase of 19% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $4M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +88.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,0786579131,3036.5%
Netherlands4293046991,25943.2%
Italy1,119689989837-9.2%
Ukraine33.913.434.517472.5%
TurkeyN/AN/AN/A1530%
Austria1319.81321535.3%
Spain88.11451.0N/A-89.3%
South AfricaN/A155211N/A36.1%
Others19.616065.314896.2%
Total2,8982,1343,0454,02811.6%

Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to Hungary in 2022:

  1. Germany (685.4 tons)
  2. Italy (506.9 tons)
  3. Netherlands (384.0 tons)
  4. Ukraine (58.0 tons)
  5. Austria (54.6 tons)
  6. Turkey (44.0 tons)

Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Hungary

In 2022, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses from Hungary surged to 60 tons, picking up by 1,702% against the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,256%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $196K in 2022. In general, exports posted significant growth. 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 Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech RepublicN/AN/AN/A1860%
SwedenN/AN/AN/A6.50%
PolandN/AN/AN/A3.40%
GermanyN/AN/A2.9N/A0%
AustriaN/A19.8N/AN/A0%
Others0.60.5N/AN/A-16.7%
Total0.620.32.9196588.7%

Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from Hungary in 2022:

  1. Czech Republic (57.0 tons)
  2. Sweden (2.0 tons)
  3. Poland (1.0 tons)

Source: IndexBox Market Intelligence Platform

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