Philippines: Tantalum Market 2022

Tantalum Market Size in the Philippines

The Philippine tantalum market surged to $X in 2021, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw strong growth. Tantalum consumption peaked in 2021 and is likely to see gradual growth in years to come.

Tantalum Exports

Exports from the Philippines

In 2021, overseas shipments of tantalum were finally on the rise to reach X tonnes after two years of decline. Over the period under review, exports saw a resilient expansion. Over the period under review, the exports reached the maximum at X tonnes in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tantalum exports surged to $X in 2021. Overall, exports continue to indicate a perceptible contraction. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tonnes), South Korea (X kg) and Japan (X kg) were the main destinations of tantalum exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for tantalum exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Japan (-X% per year).

Export Prices by Country

The average tantalum export price stood at $X per tonne in 2021, waning by -X% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2017 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-X%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into the Philippines

In 2021, overseas purchases of tantalum increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, tantalum imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tonnes) constituted the largest supplier of tantalum to the Philippines, with a X% share of total imports. Moreover, tantalum imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. Australia (X kg) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the import price posted resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform