Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea
- Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,092 per ton, jumping by 39% against the previous year. In general, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $2,540 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Vietnam ($2,481 per ton), while the price for Canada ($1,350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (FOB) - 2022
In 2022, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $1,524 per ton, increasing by 56% against the previous year. In general, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 107%. As a result, the export price reached the peak level of $6,045 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,433 per ton), while the average price for exports to Cambodia ($1,035 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 Cambodia (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea
In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses imported into South Korea rose notably to 7K tons, surging by 13% compared with the year before. Over the period under review, imports, however, recorded a mild reduction.
In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $15M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 7.8 | 3.9 | 4.4 | 7.8 | 0.0% |
| Australia | 1.7 | 3.0 | 4.1 | 5.8 | 50.5% |
| Thailand | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Indonesia | 1.3 | 0.6 | 0.2 | 0.1 | -57.5% |
| Others | 0.4 | 0.3 | 0.2 | 0.4 | 0.0% |
| Total | 11.2 | 7.8 | 9.3 | 14.6 | 9.2% |
Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to South Korea in 2022:
- South Africa (3.9K tons)
- Australia (2.6K tons)
- Canada (0.1K tons)
- Indonesia (0.1K tons)
- Thailand (0.1K tons)
Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea
After three years of growth, overseas shipments of niobium, tantalum, vanadium or zirconium ores and concentrateses decreased by -56.2% to 3.6K tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,880%.
In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses declined notably to $5.5M in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 505%.
| Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 2,100 | 5,087 | 3,412 | 27.5% |
| Thailand | 67.1 | N/A | 1,089 | 1,182 | 160.2% |
| Indonesia | 278 | 419 | 551 | 599 | 29.2% |
| Japan | 88.6 | 72.5 | 315 | 152 | 19.7% |
| Cambodia | N/A | N/A | 642 | 130 | -79.8% |
| India | N/A | 90.0 | 152 | 16.5 | -57.2% |
| Others | 15.9 | 37.6 | 258 | 38.3 | 34.1% |
| Total | 450 | 2,719 | 8,094 | 5,531 | 130.8% |
Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from South Korea in 2022:
- Vietnam (2292.6 tons)
- Thailand (1030.9 tons)
- Cambodia (125.9 tons)
- Indonesia (71.1 tons)
- Japan (60.0 tons)
- India (32.3 tons)
247
This report provides an in-depth analysis of the market for zirconium ore and concentrate in Republic of Korea.
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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 Republic of Korea.
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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.
775
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.
