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

Contents:

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

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

In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $3,779 per ton, surging by 98% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices attained the peak figure at $20,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -35.7% per year.

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

The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $3,144 per ton in 2020, declining by -9.5% against the previous year. Over the period under review, the import price saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 3% against the previous year. The import price peaked at $51,477 per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

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

From 2013 to 2020, the rate of growth in terms of prices for Iran amounted to +3.0% per year.

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

After two years of decline, overseas shipments of niobium, tantalum, vanadium ores and concentrateses decreased by -50% to 1.2K tons in 2022. Over the period under review, exports, however, recorded a significant expansion.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses contracted slightly to $4.4M in 2022. Overall, exports, however, continue to indicate significant growth.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/A0.51.3160.0%
TajikistanN/AN/A3.8N/A0%
UkraineN/AN/A0.2N/A0%
OthersN/AN/AN/A3.10%
TotalN/AN/A4.54.4-2.2%

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

  1. India (157.1 tons)

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

Imports of niobium, tantalum, vanadium ores and concentrateses into Russia fell rapidly to 4.4 tons in 2020, waning by -98.8% against 2019 figures. Overall, imports showed a precipitous shrinkage.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses dropped rapidly to $14K in 2020. In general, imports saw a precipitous decline.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Russia (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
KazakhstanN/A13.80%
Latvia132N/A0%
Kuwait1,002N/A0%
Iran157N/A0%
OthersN/AN/A0%
Total1,29113.8-98.9%

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

  1. Kazakhstan (4.4 tons)

Source: IndexBox Market Intelligence Platform

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