Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States (CIF) - 2023
- Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States (FOB) - 2023
- Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States
- Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States
Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States (CIF) - 2023
In December 2023, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,417 per ton, which is down by -43% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 396% month-to-month. The import price peaked at $27,847 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($79,527 per ton), while the price for South Africa ($1,965 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+32.9%), 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 United States (FOB) - 2023
The average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $2,047 per ton in December 2023, falling by -4.4% against the previous month. In general, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in September 2023 an increase of 198% month-to-month. The export price peaked at $4,368 per ton in July 2023; however, from August 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was China ($4,071 per ton), while the average price for exports to India ($1,681 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States
In 2022, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses into the United States soared to 58K tons, surging by 100% on the year before. Over the period under review, imports posted a remarkable increase. 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 soared to $195M in 2022. Overall, imports enjoyed a significant increase. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 30.9 | 33.3 | 41.5 | 95.0 | 45.4% |
| South Africa | 32.5 | 11.1 | 14.5 | 37.8 | 5.2% |
| Senegal | 11.0 | 8.1 | 11.3 | 15.8 | 12.8% |
| Canada | 0.2 | 0.1 | N/A | 6.8 | 224.0% |
| Belgium | N/A | N/A | N/A | 3.2 | 0% |
| Others | 35.7 | 13.7 | 42.1 | 36.1 | 0.4% |
| Total | 110 | 66.3 | 109 | 195 | 21.0% |
Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to the United States in 2022:
- Australia (24.9K tons)
- South Africa (21.7K tons)
- Senegal (6.8K tons)
- Canada (1.7K tons)
- Belgium (1.0K tons)
Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States
In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses exported from the United States fell to 16K tons, waning by -5.7% on the previous year's figure. Overall, exports recorded a sharp decrease.
In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses fell to $38M in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year.
| Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.2 | 7.1 | 6.4 | 7.7 | 34.0% |
| India | 4.1 | 8.3 | 3.7 | 7.4 | 21.8% |
| Canada | 5.4 | 4.8 | 3.2 | 6.0 | 3.6% |
| China | 32.7 | 4.5 | 7.7 | 3.4 | -53.0% |
| France | 2.8 | 1.6 | 1.9 | 2.9 | 1.2% |
| Belgium | 2.1 | 0.9 | 2.3 | 2.8 | 10.1% |
| Japan | 3.7 | 2.6 | 1.3 | 1.6 | -24.4% |
| Germany | 0.3 | 1.4 | 1.4 | 1.3 | 63.0% |
| Chile | 2.2 | 1.2 | 0.5 | N/A | -52.3% |
| Malaysia | N/A | 1.4 | N/A | N/A | 0% |
| Others | 5.3 | 5.9 | 13.9 | 5.0 | -1.9% |
| Total | 61.7 | 39.7 | 42.3 | 38.0 | -14.9% |
Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from the United States in 2022:
- India (3.5K tons)
- Mexico (3.1K tons)
- China (3.0K tons)
- Canada (2.4K tons)
- France (0.9K tons)
- Belgium (0.8K tons)
- Germany (0.7K tons)
- Japan (0.5K tons)
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