U.S. - Tantalum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTantalum Price in the United States - 2023
Contents:
- Tantalum Price in the United States (CIF) - 2023
- Tantalum Price in the United States (FOB) - 2023
- Tantalum Imports in the United States
- Tantalum Exports in the United States
Tantalum Price in the United States (CIF) - 2023
The average tantalum import price stood at $444K per ton in September 2023, picking up by 12% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.0%. As a result, import price reached 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 September 2023, the country with the highest price was Japan ($886K per ton), while the price for Kazakhstan ($209K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Tantalum Price in the United States (FOB) - 2023
In September 2023, the average tantalum export price amounted to $573K per ton, jumping by 54% against the previous month. In general, export price indicated a resilient increase from September 2022 to September 2023: its price increased at an average monthly rate of +5.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, tantalum export price increased by +54.0% against August 2023 indices. Over the period under review, the average export prices attained the peak figure at $613K per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Mexico ($606K per ton), while the average price for exports to India ($484K 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 Japan (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Tantalum Imports in the United States
In 2022, imports of tantalum into the United States expanded significantly to 759 tons, increasing by 12% on the year before. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, tantalum imports surged to $281M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +59.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tantalum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 58.4 | 56.5 | 76.1 | 106 | 22.0% |
| China | 64.2 | 61.2 | 73.5 | 83.5 | 9.2% |
| Thailand | 29.3 | 34.9 | 30.9 | 35.1 | 6.2% |
| Kazakhstan | 10.7 | 15.2 | 27.9 | 24.5 | 31.8% |
| Japan | 3.0 | 1.3 | 2.5 | 16.7 | 77.2% |
| Estonia | 7.9 | 2.1 | 7.0 | 5.7 | -10.3% |
| Rwanda | N/A | N/A | N/A | 4.1 | 0% |
| Others | 5.6 | 4.9 | 5.7 | 5.5 | -0.6% |
| Total | 179 | 176 | 224 | 281 | 16.2% |
Top Suppliers of Tantalum to the United States in 2022:
- Germany (255.6 tons)
- China (242.1 tons)
- Kazakhstan (83.3 tons)
- Thailand (71.0 tons)
- Japan (52.9 tons)
- Estonia (20.9 tons)
- Rwanda (14.8 tons)
Tantalum Exports in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of tantalum, which increased by 16% to 336 tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tantalum exports expanded remarkably to $138M in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tantalum in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 69.2 | 65.9 | 72.9 | 74.2 | 2.4% |
| Germany | 4.0 | 0.3 | 15.7 | 37.2 | 110.3% |
| El Salvador | 14.4 | 32.9 | 20.1 | 9.9 | -11.7% |
| Japan | 7.0 | 1.8 | 3.5 | 7.5 | 2.3% |
| Israel | 3.2 | 5.2 | 7.1 | 2.7 | -5.5% |
| Others | 4.1 | 5.5 | 3.3 | 6.0 | 13.5% |
| Total | 102 | 112 | 123 | 138 | 10.6% |
Top Export Markets for Tantalum from the United States in 2022:
- Mexico (137.1 tons)
- Germany (108.8 tons)
- El Salvador (58.3 tons)
- Japan (15.2 tons)
- Israel (5.6 tons)
This report provides an in-depth analysis of the tantalum market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In October 2023, tantalum imports saw a rapid growth rate of 38% month-over-month. However, by December 2023, the value of tantalum imports sharply decreased to $7M.
408
Tantalum imports experienced a decline, amounting to $8.8M in July 2023.
2340
In value terms, niobium, tantalum, vanadium and zirconium ores imports amounted to $X in 2016. In general, niobium, tantalum, vanadium and zirconium ores imports continue to indicate a temperate ex...
2725
In value terms, tantalum imports totaled $X in 2016. In general, tantalum imports continue to indicate a noticeable growth. Global tantalum import peaked of $X in 2012; however, from 2013 to X>
1279
In value terms, niobium, tantalum, vanadium and zirconium ores exports totaled $X in 2016. In general, niobium, tantalum, vanadium and zirconium ores exports continue to indicate a notable expansio...
1767
In value terms, tantalum exports stood at $X in 2016. In general, tantalum exports continue to indicate a significant growth. Over the period under review, global tantalum exports reached its maxim...
1930
The global trade in tantalum amounted to X million USD in 2015, fluctuating strongly over the period under review. A X% drop in 2009 was followed by recovery over the next two years, until exports decreased again. Exports slightly increased in 2014
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Global currant and gooseberry consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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In 2015, the country with the largest volume of the currant and gooseberry output was Russia (X thousand tons), accounting for X% of global production.
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The Netherlands dominates in the global currant and gooseberry trade. In 2014, the Netherlands exported X thousand tons of currants and gooseberries totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where i
