Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Kuwait - 2022

Contents:

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

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

In 2022, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,454 per ton, stabilizing at the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 0.6% against the previous year. Over the period under review, average import prices hit record highs at $4,128 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +0.4% per year.

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

In 2022, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $1,201 per ton, jumping by 27% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $1,648 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1,321 per ton), while the average price for exports to Lithuania ($1,113 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 Taiwan (Chinese) (+5.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses imported into Kuwait amounted to 43 tons, remaining constant against 2021. In general, imports saw a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $105K in 2022. Over the period under review, imports showed significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Kuwait (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
United States20.2N/A105128.0%
Others2.1N/AN/A0%
Total22.3N/A105117.0%

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

  1. United States (42.8 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of niobium, tantalum, vanadium or zirconium ores and concentrateses, when their volume increased by 6% to 5.2K tons. In general, exports, however, saw a deep reduction.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses skyrocketed to $6.2M in 2022. Overall, exports, however, continue to indicate a abrupt setback.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Kuwait (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2.76.31.04.014.0%
Taiwan (Chinese)3.70.33.01.4-27.7%
Lithuania0.51.20.20.817.0%
Russia0.7N/AN/AN/A0%
Kazakhstan0.4N/A0.4N/A0.0%
Latvia2.0N/AN/AN/A0%
Others0.1N/AN/AN/A0%
Total10.27.84.66.2-15.3%

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

  1. India (3.4K tons)
  2. Taiwan (Chinese) (1.1K tons)
  3. Lithuania (0.7K tons)

Source: IndexBox Market Intelligence Platform

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