Singapore: Tantalum Market 2022

Tantalum Market Size in Singapore

In 2021, the Singaporean tantalum market increased by X% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Tantalum Exports

Exports from Singapore

In 2021, the amount of tantalum exported from Singapore skyrocketed to X kg, jumping by X% compared with the year before. In general, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X kg. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tantalum exports surged to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for tantalum exports from Singapore, accounting for a X% share of total exports. Moreover, tantalum exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Malaysia (X kg), threefold. The third position in this ranking was occupied by Japan (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (+X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for tantalum exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2021, the average tantalum export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per tonne), while the average price for exports to Indonesia ($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 Malaysia (+X%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into Singapore

After five years of decline, overseas purchases of tantalum increased by X% to X kg in 2021. In general, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, tantalum imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of tantalum to Singapore, accounting for a X% share of total imports. Moreover, tantalum imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), fivefold. The United States (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 stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the United States (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of tantalum to Singapore, comprising X% of total imports. The second position in the ranking was occupied by the United States ($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 Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid 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 failed to regain momentum.

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

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

Source: IndexBox Platform