MENA: Tantalum Market 2024

Tantalum Market Size in MENA

In 2022, after two years of growth, there was significant decline in the MENA's tantalum market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a slight expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tantalum Production in MENA

In value terms, tantalum production dropped remarkably to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2021, and then fell notably in the following year.

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Tantalum Exports

Exports in MENA

In 2022, tantalum exports in MENA surged to X tons, growing by X% on 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tantalum exports skyrocketed to $X in 2022. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X tons, which was near X% of total exports in 2022. The following exporters - Israel (X kg) and Lebanon (X kg) - together made up X% of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of tantalum. Lebanon experienced a relatively flat trend pattern. Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Lebanon increased by X and X percentage points, respectively.

In value terms, the largest tantalum supplying countries in MENA were Israel ($X), the United Arab Emirates ($X) and Lebanon ($X), together comprising X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a sharp downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Tantalum Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in overseas purchases of tantalum, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tantalum imports reduced rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Israel prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total imports. Iran (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into Israel stood at X%. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iran (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics.

In value terms, Israel ($X) constitutes the largest market for imported tantalum in MENA, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Israel was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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