
Australia - Tantalum - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Tantalum Market 2022
Tantalum Market Size in Australia
The Australian tantalum market skyrocketed to $X in 2021, surging by X% against the previous year. In general, consumption posted a modest expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in years to come.
Tantalum Production in Australia
In value terms, tantalum production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Tantalum production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Tantalum Exports
Exports from Australia
In 2021, approx. X kg of tantalum were exported from Australia; waning by -X% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tonnes. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, tantalum exports reduced remarkably to $X in 2021. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
The Philippines (X kg) was the main destination for tantalum exports from Australia, with a X% share of total exports. Moreover, tantalum exports to the Philippines exceeded the volume sent to the second major destination, Fiji (X kg), twofold.
From 2012 to 2021, the average annual growth rate of volume to the Philippines totaled -X%.
In value terms, the Philippines ($X) remains the key foreign market for tantalum exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Fiji ($X), with a X% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines totaled -X%.
Export Prices by Country
The average tantalum export price stood at $X per tonne in 2021, shrinking by -X% against the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per tonne in 2020, and then declined markedly in the following year.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($X per tonne), while the average price for exports to Fiji totaled $X per tonne.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+X%).
Tantalum Imports
Imports into Australia
In 2021, overseas purchases of tantalum increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, tantalum imports soared to $X in 2021. Over the period under review, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.
Imports by Country
In 2021, the UK (X tonnes) constituted the largest tantalum supplier to Australia, accounting for a X% share of total imports. Moreover, tantalum imports from the UK exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tonnes), twofold. The United States (X tonnes) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and the United States (+X% per year).
In value terms, the UK ($X) constituted the largest supplier of tantalum to Australia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by the United States, with a X% share.
From 2012 to 2021, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and the United States (+X% per year).
Import Prices by Country
The average tantalum import price stood at $X per tonne in 2021, increasing by X% against the previous year. In general, the import price showed a resilient expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while the price for Sweden ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tantalum market in Australia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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