Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $940 per ton, dropping by -56.8% against the previous year. Overall, the import price, however, showed resilient growth. The growth pace was the most rapid in 2014 when the average import price increased by 8,027%. As a result, import price reached the peak level of $43,500 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($1,112 per ton), while the price for Ukraine ($917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+69.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania (FOB) - 2022
The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $974 per ton in 2022, with a decrease of -74.6% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 8.9% against the previous year. Over the period under review, the average export prices hit record highs at $4,847 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From 2016 to 2022, the rate of growth in terms of prices for Austria amounted to +659.4% per year.
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania
In 2022, after two years of decline, there was significant growth in overseas purchases of niobium, tantalum, vanadium ores and concentrateses, when their volume increased by 1,150% to 2.2K tons. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses soared to $2M in 2022. Over the period under review, imports recorded significant growth. 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 Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 1,639 | 0% |
| Canada | N/A | N/A | N/A | 233 | 0% |
| United States | N/A | N/A | N/A | 177 | 0% |
| Russia | 0.4 | 159 | N/A | N/A | 39650.0% |
| India | 202 | 894 | N/A | N/A | 342.6% |
| Kuwait | 771 | N/A | 165 | N/A | -53.7% |
| Others | 3.7 | 1.0 | 215 | N/A | 662.3% |
| Total | 977 | 1,054 | 380 | 2,049 | 28.0% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Lithuania in 2022:
- Ukraine (1788.2 tons)
- Canada (209.6 tons)
- United States (182.8 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania
In 2022, approx. 2K tons of niobium, tantalum, vanadium ores and concentrateses were exported from Lithuania; increasing by 268% on 2021 figures. Overall, exports saw significant growth. 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 contracted to $2M in 2022. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 265% against the previous year. As a result, the exports attained the peak of $2.1M, and then dropped in the following year.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 6.4 | N/A | 108 | 1,968 | 575.0% |
| Russia | 1,427 | 383 | N/A | N/A | -73.2% |
| Austria | N/A | 195 | 580 | N/A | 197.4% |
| Netherlands | N/A | N/A | 1,421 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,434 | 578 | 2,108 | 1,968 | 11.1% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Lithuania in 2022:
- Latvia (2.0K tons)
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This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
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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.
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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.
