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

Contents:

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

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

The average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $3,308 per ton in December 2022, with an increase of 23% against the previous month. Overall, import price indicated a notable expansion from December 2021 to December 2022: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for niobium, tantalum, vanadium or zirconium ores and concentrateses increased by +30.6% against August 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 55% month-to-month. Over the period under review, average import prices attained the maximum at $5,100 per ton in February 2022; however, from March 2022 to December 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Australia ($2,454 per ton) and Indonesia ($2,454 per ton), while the price for Malaysia ($2,454 per ton) and China ($2,454 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.7%), 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 Vietnam (FOB) - 2022

The average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $2,371 per ton in 2022, growing by 34% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. Over the period under review, the average export prices hit record highs at $3,151 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($2,371 per ton) and Thailand ($2,371 per ton), while the average price for exports to China ($2,371 per ton) and Italy ($2,371 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+24.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses into Vietnam soared to 9.9K tons, surging by 69% compared with the year before. In general, imports continue to indicate a buoyant expansion. As a result, imports reached 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 $29M in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)1.92.32.78.564.8%
Australia3.42.42.36.121.5%
Malaysia0.91.81.54.368.4%
South Africa1.00.32.02.637.5%
IndonesiaN/AN/AN/A0.60%
United States7.50.10.30.6-56.9%
China0.30.21.30.518.6%
ThailandN/AN/AN/A0.40%
Belgium3.6N/AN/AN/A0%
MozambiqueN/A1.30.9N/A-30.8%
Others0.52.97.55.2118.3%
Total19.411.318.328.914.2%

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

  1. Taiwan (Chinese) (3.5K tons)
  2. Australia (2.5K tons)
  3. Malaysia (1.8K tons)
  4. South Africa (0.7K tons)
  5. Thailand (0.5K tons)
  6. Indonesia (0.3K tons)
  7. China (0.2K tons)
  8. United States (0.1K tons)

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

After three years of growth, shipments abroad of niobium, tantalum, vanadium or zirconium ores and concentrateses decreased by -45.5% to 12K tons in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. As a result, the exports attained the peak of 22K tons, and then fell sharply in the following year.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses fell markedly to $28M in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 198%. As a result, the exports reached the peak of $39M, and then fell notably in the following year.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.78.132.619.994.6%
TurkeyN/A0.50.34.0182.8%
ItalyN/A0.10.71.3260.6%
IndiaN/A1.12.41.10.0%
Taiwan (Chinese)0.91.62.11.03.6%
Thailand1.01.70.30.1-53.6%
Others0.10.10.51.2128.9%
Total4.813.139.028.581.1%

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

  1. China (8.4K tons)
  2. Turkey (1.7K tons)
  3. Italy (0.5K tons)
  4. Taiwan (Chinese) (0.4K tons)
  5. India (0.4K tons)

Source: IndexBox Market Intelligence Platform

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