Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Latvia - 2023

Contents:

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

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

In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $1,822 per ton, shrinking by -43.6% against the previous year. Overall, the import price, however, showed a remarkable increase. The growth pace was the most rapid in 2015 when the average import price increased by 196%. Over the period under review, average import prices reached the peak figure at $3,387 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,222 per ton), while the price for Canada ($1,020 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+300.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $5,900 per ton in 2021, which is down by -10.1% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 378% against the previous year. As a result, the export price attained the peak level of $6,565 per ton, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2018 to 2021, the rate of growth in terms of prices for Armenia amounted to +26.8% per year.

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

After two years of decline, purchases abroad of niobium, tantalum, vanadium ores and concentrateses increased by 515% to 2.3K tons in 2022. In general, imports, however, showed a slight downturn.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses soared to $4.2M in 2022. Overall, imports, however, recorded a abrupt descent.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania2511851092,181105.6%
Austria26597426586248.2%
Netherlands36724125284131.8%
CanadaN/AN/AN/A1500%
Malaysia664N/AN/AN/A0%
United StatesN/A107144N/A34.6%
Kuwait2,808N/AN/AN/A0%
Mexico943150N/AN/A-84.1%
Others991N/A439163-45.2%
Total6,2901,6551,2084,197-12.6%

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

  1. Lithuania (1891.2 tons)
  2. Austria (173.6 tons)
  3. Canada (146.7 tons)
  4. Netherlands (82.3 tons)

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

In 2021, the amount of niobium, tantalum, vanadium ores and concentrateses exported from Latvia surged to 43 tons, rising by 17% on 2020. Over the period under review, exports, however, recorded a sharp descent.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses rose markedly to $256K in 2021. In general, exports, however, saw a dramatic descent.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Latvia (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
LithuaniaN/AN/A2560%
Russia142N/AN/A0%
Kazakhstan45.5N/AN/A0%
Armenia259N/AN/A0%
NetherlandsN/A243N/A0%
OthersN/AN/AN/A0%
Total447243256-24.3%

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

  1. Lithuania (43.4 tons)

Source: IndexBox Market Intelligence Platform

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