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

Contents:

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

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

In 2022, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,553 per ton, increasing by 25% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for niobium, tantalum, vanadium or zirconium ores and concentrateses increased by +21.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 63% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,417 per ton), while the price for Senegal ($2,094 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the UK (FOB) - 2023

In November 2023, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $4,485 per ton, with an increase of 2.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 48% m-o-m. As a result, the export price attained the peak level of $5,466 per ton. From May 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the Netherlands ($6,224 per ton), while the average price for exports to Ireland ($2,990 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses imported into the UK surged to 7K tons, growing by 17% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses surged to $18M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa7.88.06.29.46.4%
France1.91.21.11.90.0%
United States2.81.71.81.7-15.3%
China0.40.80.41.658.7%
SenegalN/AN/A0.40.9125.0%
Indonesia0.40.60.60.826.0%
Australia0.50.60.30.66.3%
Netherlands0.60.91.20.1-45.0%
Others0.10.30.20.8100.0%
Total14.614.112.217.86.8%

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

  1. South Africa (4381.0 tons)
  2. France (504.6 tons)
  3. China (477.0 tons)
  4. Senegal (419.7 tons)
  5. United States (380.5 tons)
  6. Indonesia (349.0 tons)
  7. Australia (252.0 tons)
  8. Netherlands (41.3 tons)

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

In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses exported from the UK stood at 1.3K tons, increasing by 2.3% on the previous year. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses surged to $4.3M in 2022. In general, exports, however, recorded a mild descent.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal29931127288043.3%
Ireland930548388720-8.2%
Germany1,4561,7771,132600-25.6%
MexicoN/AN/AN/A3300%
Netherlands34.99.186527198.0%
India46518228.3215-22.7%
Pakistan36.819635.720978.4%
Italy27826064.3203-9.9%
Serbia29369.553.2165-17.4%
Slovakia34.035.713213859.5%
Czech Republic14715710179.4-18.6%
China14253.349.927.2-42.4%
Others3643002014628.3%
Total4,4783,8983,3224,300-1.3%

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

  1. Germany (271.2 tons)
  2. Portugal (210.4 tons)
  3. Pakistan (156.0 tons)
  4. Ireland (119.0 tons)
  5. Mexico (98.2 tons)
  6. Netherlands (60.9 tons)
  7. Italy (58.4 tons)
  8. India (55.1 tons)
  9. Slovakia (54.2 tons)
  10. Serbia (41.6 tons)
  11. Czech Republic (19.0 tons)
  12. China (7.0 tons)

Source: IndexBox Market Intelligence Platform

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