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

Contents:

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

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

In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $22,423 per ton, growing by 441% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $29,000 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($29,250 per ton), while the average price for exports to Spain stood at $22,168 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+551.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $1,474 per ton in 2022, increasing by 17% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 17%. The import price peaked at $1,703 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.9% per year.

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

In 2022, approx. 111 kg of niobium, tantalum, vanadium ores and concentrateses were exported from Morocco; shrinking by -83% compared with 2021. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 9,243%. As a result, the exports reached the peak of 654 kg, and then declined sharply in the following year.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses contracted to $2.5K in 2022. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 5,791% against the previous year. As a result, the exports reached the peak of $2.7K, and then reduced in the following year.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Morocco (USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/A1,9412,37222.2%
Canada27.028.012211763.0%
PolandN/AN/A647N/A0%
Australia2,077N/AN/AN/A0%
OthersN/A18.0N/AN/A0%
Total2,10446.02,7102,4895.8%

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

  1. Spain (107.0 kg)
  2. Canada (4.0 kg)

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

For the third year in a row, Morocco recorded decline in purchases abroad of niobium, tantalum, vanadium ores and concentrateses, which decreased by -6.3% to 725 kg in 2022. In general, imports saw a abrupt shrinkage. The smallest decline of -6.3% was in 2021.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses rose significantly to $1.1K in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.5%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Morocco (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain8158929771,0699.5%
OthersN/AN/AN/AN/A0%
Total8158929771,0699.5%

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

  1. Spain (725.0 kg)

Source: IndexBox Market Intelligence Platform

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