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

Contents:

  1. Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Ethiopia (FOB) - 2022
  2. Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Ethiopia

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Ethiopia (FOB) - 2022

The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $47,025 per ton in 2022, falling by -15.5% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37%. The export price peaked at $62,357 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($119,738 per ton), while the average price for exports to China ($22,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.1%), while the prices for the other major destinations experienced a decline.

Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Ethiopia

In 2022, the amount of niobium, tantalum, vanadium ores and concentrateses exported from Ethiopia soared to 266 tons, rising by 372% on the previous year. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses surged to $12M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore4283596365,450133.5%
Hong Kong SAR16973.91272,822155.6%
China2,5553101211,875-9.8%
LuxembourgN/AN/AN/A1,0730%
MalaysiaN/AN/AN/A6790%
VietnamN/AN/AN/A6010%
Thailand537212177N/A-42.6%
Germany1,5071,5351,742N/A7.5%
India242115117N/A-30.5%
Others264148215N/A-9.8%
Total5,7022,7523,13512,50029.9%

Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Ethiopia in 2022:

  1. Hong Kong SAR (109.7 tons)
  2. China (84.5 tons)
  3. Singapore (50.8 tons)
  4. Luxembourg (9.0 tons)
  5. Vietnam (6.0 tons)
  6. Malaysia (5.9 tons)

Source: IndexBox Market Intelligence Platform

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