Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (CIF) - 2022
The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $3,000 per ton in 2022, growing by 31% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. Over the period under review, average import prices hit record highs at $3,998 per ton in 2018; however, from 2019 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 Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.0% per year.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (FOB) - 2022
In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $30,664 per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a slight increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 55% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($501,170 per ton), while the average price for exports to Vietnam stood at $1,929 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+39.3%).
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines
Imports of niobium, tantalum, vanadium ores and concentrateses into the Philippines fell significantly to 14 tons in 2022, declining by -27.7% against the previous year. Over the period under review, imports saw a dramatic downturn.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses dropped to $42K in 2022. Overall, imports continue to indicate a sharp downturn.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 48.3 | 32.3 | 5.0 | 42.0 | -4.6% |
| South Korea | 57.5 | 33.5 | 2.8 | N/A | -77.9% |
| Japan | 84.9 | 53.2 | 6.5 | N/A | -72.3% |
| Thailand | 97.7 | N/A | N/A | N/A | 0% |
| Malaysia | 67.0 | 73.7 | 25.5 | N/A | -38.3% |
| Others | 14.4 | 14.5 | 4.6 | N/A | -43.5% |
| Total | 370 | 207 | 44.4 | 42.0 | -51.6% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to the Philippines in 2022:
- Taiwan (Chinese) (14.0 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines
In 2022, overseas shipments of niobium, tantalum, vanadium ores and concentrateses decreased by 0% to 1.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. As a result, the exports reached the peak of 3.8 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses stood at $47K in 2022. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by 72% against the previous year. As a result, the exports reached the peak of $94K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 48.3 | 85.2 | N/A | 44.1 | -3.0% |
| Vietnam | 6.1 | 8.5 | N/A | 2.8 | -22.9% |
| Others | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Total | 54.5 | 93.9 | N/A | 46.9 | -4.9% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from the Philippines in 2022:
- Vietnam (1442.0 kg)
- Japan (88.0 kg)
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