India: Tantalum Market 2022

Tantalum Market Size in India

The Indian tantalum market dropped remarkably to $X in 2021, reducing by -X% against the previous year. Overall, consumption recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Tantalum Production in India

In value terms, tantalum production amounted to $less than X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern.

Tantalum Exports

Exports from India

In 2021, shipments abroad of tantalum increased by X% to X tonnes, rising for the seventh year in a row after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, tantalum exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for tantalum exports from India, accounting for a X% share of total exports. Moreover, tantalum exports to Hong Kong SAR exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +X%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for tantalum exports from India, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR stood at +X%.

Export Prices by Country

In 2021, the average tantalum export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Saudi Arabia amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-X%).

Tantalum Imports

Imports into India

In 2021, supplies from abroad of tantalum decreased by -X% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tonnes in 2020, and then contracted notably in the following year.

In value terms, tantalum imports dropped remarkably to $X in 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

Austria (X kg), the UK (X kg) and Kazakhstan (X kg) were the main suppliers of tantalum imports to India, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform