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

Contents:

  1. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Saudi Arabia (CIF) - 2022
  2. Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Saudi Arabia

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

In 2022, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $1,562 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53%. The import price peaked at $2,919 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($1,844 per ton) and the United Arab Emirates ($1,769 per ton), while the price for India ($1,460 per ton) and Italy ($1,610 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 4.1K tons of niobium, tantalum, vanadium or zirconium ores and concentrateses were imported into Saudi Arabia; shrinking by -8.6% compared with the year before. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses dropped to $6.5M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India5.43.04.23.8-11.1%
Italy1.11.10.50.8-10.1%
United Arab Emirates1.10.3N/A0.8-10.1%
Malaysia0.31.20.90.838.7%
SpainN/AN/A0.5N/A0%
China0.6N/A0.7N/A8.0%
OthersN/A0.30.20.2-18.4%
Total8.66.07.06.5-8.9%

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

  1. India (2630.3 tons)
  2. Italy (509.1 tons)
  3. United Arab Emirates (453.4 tons)
  4. Malaysia (436.1 tons)

Source: IndexBox Market Intelligence Platform

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