Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $8,320 per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by less than 0.1%. The import price peaked at $8,800 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.0% per year.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (FOB) - 2022
In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $44,563 per ton, jumping by 111% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 375%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($58,374 per ton), while the average price for exports to China totaled $29,861 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+85.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela
For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of niobium, tantalum, vanadium ores and concentrateses, which increased by 20% to 167 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses surged to $1.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 1.0 | 1.2 | 1.4 | 20.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 1.0 | 1.2 | 1.4 | 20.5% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Venezuela in 2022:
- United States (167.4 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela
For the third consecutive year, Venezuela recorded decline in shipments abroad of niobium, tantalum, vanadium ores and concentrateses, which decreased by -31.9% to 13 tons in 2022. Over the period under review, exports recorded a precipitous decrease.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $583K in 2022. In general, exports recorded a precipitous curtailment.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 394 | 0% |
| China | 223 | 1,130 | 407 | 189 | -5.4% |
| United States | 1,631 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,854 | 1,130 | 407 | 583 | -32.0% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Venezuela in 2022:
- Netherlands (6.8 tons)
- China (6.3 tons)
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