Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador - 2022

Contents:

  1. Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador (CIF) - 2022
  2. Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador (CIF) - 2022

In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $3,700 per ton, with a decrease of -2.8% against the previous year. Overall, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 52%. The import price peaked at $25,571 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($4,074 per ton), while the price for Spain ($1,970 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-19.3%).

Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador

In 2022, approx. 5 tons of niobium, tantalum, vanadium ores and concentrateses were imported into Ecuador; picking up by 79% on 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 378% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses surged to $18K in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 287%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChileN/AN/AN/A15.00%
Mexico1.31.65.71.79.4%
Spain0.60.94.11.535.7%
Others0.10.20.80.344.2%
Total1.92.710.618.5113.5%

Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Ecuador in 2022:

  1. Chile (3.7 tons)
  2. Spain (0.8 tons)
  3. Mexico (0.5 tons)

Source: IndexBox Market Intelligence Platform

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