Price for Niobium, Tantalum, Vanadium Ores and Concentrates in China - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in China (CIF) - 2023
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in China (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in China
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in China
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in China (CIF) - 2023
The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $25,631 per ton in December 2023, reducing by -19.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 39% against the previous month. As a result, import price reached the peak level of $35,996 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Rwanda ($51,999 per ton), while the price for Nigeria ($16,533 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 Australia (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in China (FOB) - 2022
The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $4 per ton in 2022, with a decrease of 99.9% against the previous year. Over the period under review, the export price showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. The export price peaked at $52,663 per ton in 2021, and then shrank significantly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($4 per ton), while the average price for exports to the United Arab Emirates stood at $4 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.0%).
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in China
In 2022, supplies from abroad of niobium, tantalum, vanadium ores and concentrateses increased by 19% to 7.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a mild reduction.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses surged to $238M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Niobium, Tantalum, Vanadium Ores and Concentrates in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 50.1 | 41.8 | 58.6 | 83.4 | 18.5% |
Democratic Republic of the Congo | 22.1 | 71.8 | 23.3 | 48.3 | 29.8% |
Rwanda | 29.5 | 32.8 | 14.8 | 45.6 | 15.6% |
Brazil | 14.2 | 9.7 | 14.6 | 15.8 | 3.6% |
Sierra Leone | 4.0 | 5.2 | 6.0 | 5.6 | 11.9% |
Madagascar | 0.9 | 0.7 | 0.8 | 4.6 | 72.3% |
Malaysia | 0.6 | 0.3 | 0.5 | 2.3 | 56.5% |
Others | 18.3 | 10.6 | 11.2 | 32.8 | 21.5% |
Total | 140 | 173 | 130 | 238 | 19.3% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to China in 2022:
- Nigeria (4280.5 tons)
- Democratic Republic of the Congo (884.3 tons)
- Rwanda (815.9 tons)
- Brazil (665.8 tons)
- Sierra Leone (345.4 tons)
- Malaysia (236.3 tons)
- Madagascar (162.3 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in China
In 2022, exports of niobium, tantalum, vanadium ores and concentrateses from China shrank sharply to 8.7 tons, which is down by -46.2% on 2021 figures. In general, exports showed a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 1,223% against the previous year.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses shrank sharply to $35 in 2022. Over the period under review, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,548%.
Export of Niobium, Tantalum, Vanadium Ores and Concentrates in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | N/A | 51.6 | 850 | N/A | 1547.3% |
United States | 970 | N/A | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 970 | 51.6 | 850 | N/A | -6.4% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from China in 2022:
- United Arab Emirates (7.4 tons)
- Taiwan (Chinese) (1.2 tons)
This report provides an in-depth analysis of the market for zirconium ore and concentrate in China.
This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
This report provides an in-depth analysis of the market for zirconium ore and concentrate in China.
This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
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.
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.
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.
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.