Eastern Asia: Tantalum Market 2024

Tantalum Market Size in Eastern Asia

The East Asian tantalum market contracted to $X in 2022, reducing by X% against the previous year. Overall, consumption showed a mild contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Tantalum Production in Eastern Asia

In value terms, tantalum production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Tantalum Exports

Exports in Eastern Asia

In 2022, the amount of tantalum exported in Eastern Asia skyrocketed to X tons, with an increase of X% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tantalum exports soared to $X in 2022. In general, exports, however, continue to indicate a perceptible curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the largest exporter of tantalum, creating X% of total exports. It was distantly followed by Japan (X tons), creating a X% share of total exports. Hong Kong SAR (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Eastern Asia

Tantalum imports skyrocketed to X tons in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tantalum imports soared to $X in 2022. In general, imports, however, saw a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan represented the major importer of tantalum in Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Hong Kong SAR (X tons) ranks second in terms of the total imports with a X% share, followed by China (X%) and Taiwan (Chinese) (X%). South Korea (X tons) took a minor share of total imports.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. Japan (X p.p.), Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported tantalum in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled X%. In the other countries, the average annual rates were as follows: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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