Canada: Tantalum Market 2022

Tantalum Market Size in Canada

In 2021, the Canadian tantalum market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a deep downturn. Tantalum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Tantalum Production in Canada

In value terms, tantalum production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tantalum Exports

Exports from Canada

In 2021, the amount of tantalum exported from Canada soared to X tonnes, jumping by X% against the previous year. In general, exports saw a perceptible expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, tantalum exports soared to $X in 2021. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tonnes) was the main destination for tantalum exports from Canada, with a X% share of total exports. Moreover, tantalum exports to the United States exceeded the volume sent to the second major destination, France (X kg), fourfold. Belgium (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Belgium (+X% per year).

In value terms, the United States ($X) remains the key foreign market for tantalum exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2021, the average tantalum export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2015 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into Canada

In 2021, imports of tantalum into Canada surged to X tonnes, with an increase of X% compared with the previous year's figure. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X tonnes. From 2020 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, tantalum imports skyrocketed to $X in 2021. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of tantalum to Canada, with a X% share of total imports. Moreover, tantalum imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the United States (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of tantalum to Canada, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and the UK (+X% per year).

Import Prices by Country

In 2021, the average tantalum import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per tonne. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform