Mexico: Tantalum Market 2022

Tantalum Market Size in Mexico

In 2021, after four years of decline, there was significant growth in the Mexican tantalum market, when its value increased by X% to $X. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Tantalum Exports

Exports from Mexico

In 2021, shipments abroad of tantalum increased by X% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt contraction. Over the period under review, the exports hit record highs at X tonnes in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, tantalum exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for tantalum exports from Mexico, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

In value terms, the United States ($X) also remains the key foreign market for tantalum exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

The average tantalum export price stood at $X per tonne in 2021, declining by -X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per tonne in 2020, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Tantalum Imports

Imports into Mexico

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, however, saw a noticeable shrinkage. Over the period under review, imports reached the peak figure at X tonnes in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, tantalum imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tonnes) was the main supplier of tantalum to Mexico, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +X%.

In value terms, the United States ($X) constituted the largest supplier of tantalum to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +X%.

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced curtailment. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +X% per year.

Source: IndexBox Platform