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

Contents:

  1. Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Spain (FOB) - 2023
  2. Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Spain (CIF) - 2022
  3. Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Spain
  4. Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Spain

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Spain (FOB) - 2023

The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $4,993 per ton in September 2023, falling by -88.5% against the previous month. In general, the export price, however, showed slight growth. The pace of growth appeared the most rapid in August 2023 an increase of 516% m-o-m. As a result, the export price attained the peak level of $43,305 per ton, and then declined notably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($42,436 per ton), while the average price for exports to Portugal ($949 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $2,022,122 per ton in 2022, rising by 19,934% against the previous year. Overall, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($2,216,266 per ton), while the price for Algeria ($1,351,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.6%).

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

After two years of decline, overseas shipments of niobium, tantalum, vanadium ores and concentrateses increased by 53% to 1.2K tons in 2022. In general, exports, however, saw a abrupt slump.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses surged to $4.3M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9122557522,15433.2%
Hong Kong SAR3441,1111,38291438.5%
Portugal5033444326619.5%
United StatesN/AN/AN/A3000%
Italy581378151138-38.1%
Germany5342172.059.5-51.9%
VietnamN/A20.4N/A52.760.7%
Others14611743.647.4-31.3%
Total3,0202,4412,7624,32712.7%

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

  1. Hong Kong SAR (421.4 tons)
  2. Portugal (272.7 tons)
  3. Italy (182.2 tons)
  4. United States (123.8 tons)
  5. China (119.1 tons)
  6. Germany (36.0 tons)
  7. Vietnam (28.7 tons)

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

In 2022, imports of niobium, tantalum, vanadium ores and concentrateses into Spain fell markedly to 572 kg, shrinking by -19.1% against 2021 figures. Overall, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 56%.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses soared to $1.2M in 2022. In general, imports, however, showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
UkraineN/AN/AN/A7670%
IndonesiaN/AN/AN/A3460%
AlgeriaN/AN/AN/A40.50%
MoroccoN/AN/A2.02.420.0%
Sierra Leone0.6N/AN/AN/A0%
Colombia82.40.2N/AN/A-99.8%
United KingdomN/A6.3N/AN/A0%
FranceN/A4.32.6N/A-39.5%
Others2.5N/A2.60.4-45.7%
Total85.610.87.11,157138.2%

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

  1. Ukraine (346.0 kg)
  2. Indonesia (187.0 kg)
  3. Algeria (30.0 kg)
  4. Morocco (2.0 kg)

Source: IndexBox Market Intelligence Platform

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