Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the United States - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (CIF) - 2023
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (CIF) - 2023
The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $8,378 per ton in December 2023, jumping by 88% against the previous month. Over the period under review, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in March 2023 an increase of 114% against the previous month. Over the period under review, average import prices attained the maximum at $54,646 per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($79,527 per ton), while the price for Canada ($3,900 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+32.9%), while the prices for the other major suppliers experienced a decline.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (FOB) - 2022
The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $10,806 per ton in 2022, with a decrease of -49.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 56%. The export price peaked at $21,441 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($44,421 per ton), while the average price for exports to Latvia ($4,672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States
Imports of niobium, tantalum, vanadium ores and concentrateses into the United States skyrocketed to 3K tons in 2022, increasing by 122% on the year before. In general, imports saw a significant expansion. 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 $86M in 2022. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 112%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 21.6 | 20.3 | 27.5 | 45.0 | 27.7% |
| United Arab Emirates | 2.1 | N/A | 3.5 | 7.6 | 53.5% |
| Democratic Republic of the Congo | N/A | 3.7 | 12.8 | 7.5 | 42.4% |
| Canada | 0.2 | 0.1 | N/A | 6.8 | 224.0% |
| Rwanda | 14.2 | N/A | 1.8 | 5.8 | -25.8% |
| Mozambique | 3.8 | N/A | 8.2 | 3.9 | 0.9% |
| Belgium | N/A | N/A | N/A | 3.2 | 0% |
| Tanzania | N/A | N/A | 5.2 | 0.7 | -86.5% |
| Mexico | 6.9 | 0.5 | 1.0 | 0.3 | -64.8% |
| Venezuela | 1.6 | N/A | N/A | N/A | 0% |
| Curacao | 1.2 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 6.0 | 5.1 | 5.4 | 41.6% |
| Total | 53.6 | 30.6 | 65.0 | 86.4 | 17.3% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to the United States in 2022:
- Australia (1238.7 tons)
- Canada (826.1 tons)
- United Arab Emirates (209.8 tons)
- Democratic Republic of the Congo (181.9 tons)
- Rwanda (154.0 tons)
- Mozambique (121.7 tons)
- Belgium (76.5 tons)
- Tanzania (20.1 tons)
- Mexico (7.0 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States
After three years of growth, overseas shipments of niobium, tantalum, vanadium ores and concentrateses decreased by -76.2% to 155 tons in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 118%. As a result, the exports attained the peak of 653 tons, and then declined markedly in the following year.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses fell rapidly to $1.7M in 2022. Overall, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 240% against the previous year. As a result, the exports attained the peak of $14M, and then contracted notably in the following year.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 8.4 | 1,927 | 746 | 842.4% |
| Vietnam | 1,485 | 17.2 | 56.0 | 354 | -38.0% |
| India | 104 | 165 | 101 | 151 | 13.2% |
| Belgium | N/A | 15.8 | 361 | 129 | 185.7% |
| Canada | 101 | 52.0 | 21.4 | 128 | 8.2% |
| Cambodia | 136 | 299 | 1,027 | 88.2 | -13.4% |
| Latvia | N/A | N/A | N/A | 25.2 | 0% |
| United Kingdom | 293 | 104 | 735 | 15.8 | -62.2% |
| China | 875 | 95.2 | 19.6 | 4.9 | -82.2% |
| Thailand | N/A | N/A | 7,672 | N/A | 0% |
| Taiwan (Chinese) | 311 | 673 | 535 | N/A | 31.2% |
| Estonia | N/A | 798 | N/A | N/A | 0% |
| Others | 270 | 1,863 | 1,451 | 38.0 | -48.0% |
| Total | 3,576 | 4,091 | 13,906 | 1,680 | -22.3% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from the United States in 2022:
- Mexico (74.7 tons)
- Vietnam (33.0 tons)
- Cambodia (15.6 tons)
- India (14.6 tons)
- Belgium (6.0 tons)
- Latvia (5.4 tons)
- Canada (2.9 tons)
- United Kingdom (1.1 tons)
- China (0.5 tons)
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