Latin America and the Caribbean: Tantalum Market 2022

Tantalum Market Size in Latin America and the Caribbean

In 2021, the Latin American tantalum market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a perceptible descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Tantalum Production in Latin America and the Caribbean

In value terms, tantalum production reduced to $X in 2021 estimated in export price. In general, production, however, faced a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of tantalum production was Brazil (X tonnes), comprising approx. X% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in Brazil totaled -X%.

Tantalum Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of tantalum was finally on the rise to reach X tonnes for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X tonnes. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, tantalum exports surged to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

El Salvador (X kg) and Mexico (X kg) dominates exports structure, together mixing up X% of total exports. Brazil (X kg) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in El Salvador (with a CAGR of +X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X) remains the largest tantalum supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of total exports.

In Mexico, tantalum exports contracted by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: El Salvador (-X% per year) and Brazil (-X% per year).

Export Prices by Country

In 2021, the e in Latin America and the Caribbean amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price saw a mild decline. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per tonne. From 2020 to 2021, the the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per tonne), while El Salvador ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of tantalum increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, tantalum imports skyrocketed to $X in 2021. In general, imports recorded a slight decrease. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, El Salvador (X tonnes) and Mexico (X tonnes) was the main importer of tantalum in Latin America and the Caribbean, committing X% of total import.

From 2012 to 2021, the biggest increases were in El Salvador (with a CAGR of +X value terms, Mexico ($X) and El Salvador ($X) were the countries with the highest levels of imports in 2021.

El Salvador, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the i in Latin America and the Caribbean amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per tonne), while El Salvador stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+X%).

Source: IndexBox Platform