Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (FOB) - 2022
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (CIF) - 2022
- Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria
- Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (FOB) - 2022
In June 2022, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $11,882 per ton, with an increase of 433% against the previous month. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 666% against the previous month. Over the period under review, the average export prices hit record highs at $11,906 per ton in April 2022; afterwards, it flattened through to June 2022.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +33.6% per month.
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (CIF) - 2022
The average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $1,126 per ton in 2022, declining by -31.9% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 86% against the previous year. Over the period under review, average import prices hit record highs at $2,546 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 Italy ($1,811 per ton), while the price for China stood at $690 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3,343.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria
In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses exported from Nigeria skyrocketed to 10K tons, growing by 49% compared with the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 971% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses surged to $19M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 466%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 60.9 | 336 | 70.6 | 1,994 | 219.9% |
| China | 1,065 | 69.2 | 1,322 | 1,721 | 17.3% |
| Estonia | 1,143 | 292 | 730 | 793 | -11.5% |
| India | 141 | 25.4 | 34.8 | 50.5 | -29.0% |
| Others | 758 | 239 | 3,274 | 14,819 | 169.4% |
| Total | 3,168 | 960 | 5,431 | 19,377 | 82.9% |
Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from Nigeria in 2022:
- China (4.0K tons)
- Hong Kong SAR (1.7K tons)
- India (0.1K tons)
- Estonia (0.1K tons)
Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of niobium, tantalum, vanadium or zirconium ores and concentrateses, which increased by 10% to 203 tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year. Over the period under review, imports of hit record highs 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 dropped markedly to $229K in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year. As a result, imports attained the peak of $305K, and then contracted markedly in the following year.
| Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 121 | 149 | 289 | 143 | 5.7% |
| China | 3.1 | 4.1 | 15.4 | 85.7 | 202.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 124 | 153 | 305 | 229 | 22.7% |
Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to Nigeria in 2022:
- China (124.2 tons)
- Italy (79.1 tons)
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This report provides an in-depth analysis of the market for zirconium ore and concentrate in Nigeria.
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This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
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This report provides an in-depth analysis of the market for zirconium ore and concentrate in Nigeria.
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This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
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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.
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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.
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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.
757
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.
