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

Contents:

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

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

In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $22,329 per ton, growing by 11% against the previous year. Overall, the import price, however, showed a abrupt downturn. Over the period under review, average import prices hit record highs at $43,593 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Mexico ($126,379 per ton), while the price for Spain ($10,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $1,167 per ton in 2022, with a decrease of -40.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of 5.2% against the previous year. As a result, the export price attained the peak level of $3,294 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($15,636 per ton), while the average price for exports to Malaysia ($386 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 India (+0.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of niobium, tantalum, vanadium ores and concentrateses into Vietnam shrank notably to 320 tons, which is down by -34.1% on 2021. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 168% against the previous year.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses reduced dramatically to $7.1M in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 149%.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3.51.04.02.7-8.3%
Belgium6.21.62.41.9-32.6%
South Africa0.40.21.10.614.5%
SpainN/AN/AN/A0.10%
Others1.51.12.31.98.2%
Total11.63.99.87.1-15.1%

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

  1. South Korea (209.3 tons)
  2. South Africa (45.0 tons)
  3. Belgium (44.6 tons)
  4. Spain (5.6 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of niobium, tantalum, vanadium ores and concentrateses, when their volume increased by 31% to 41 tons. Overall, exports, however, recorded a deep downturn.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses declined remarkably to $48K in 2022. In general, exports, however, saw a significant contraction. The smallest decline of -18.4% was in 2021.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India55.343.037.126.4-21.8%
China48.132.624.515.2-31.9%
MalaysiaN/AN/AN/A6.10%
Hong Kong SAR47.6N/AN/AN/A0%
Others0.10.10.20.10.0%
Total15175.761.847.8-31.8%

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

  1. India (24.2 tons)
  2. Malaysia (15.8 tons)
  3. China (1.0 tons)

Source: IndexBox Market Intelligence Platform

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