Thailand: Tantalum Market 2022

Tantalum Market Size in Thailand

For the fifth consecutive year, the Thai tantalum market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption continues to indicate a abrupt downturn. Tantalum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tantalum Production in Thailand

In value terms, tantalum production reached $X in 2021 estimated in export price. Overall, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Tantalum Exports

Exports from Thailand

In 2021, the amount of tantalum exported from Thailand skyrocketed to X tonnes, with an increase of X% compared with the previous year. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, tantalum exports expanded rapidly to $X in 2021. In general, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tonnes) was the main destination for tantalum exports from Thailand, with a X% share of total exports. Moreover, tantalum exports to the United States exceeded the volume sent to the second major destination, El Salvador (X tonnes), threefold. Israel (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Israel (-X% per year).

In value terms, the United States ($X) remains the key foreign market for tantalum exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with an X% share of total exports. It was followed by El Salvador, with an X% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2021, the average tantalum export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Germany ($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 El Salvador (X%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into Thailand

In 2021, approx. X tonnes of tantalum were imported into Thailand; jumping by X% compared with the previous year's figure. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, tantalum imports skyrocketed to $X in 2021. Overall, imports posted a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tonnes) constituted the largest supplier of tantalum to Thailand, accounting for a X% share of total imports. Moreover, tantalum imports from Japan exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), fivefold.

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

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

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

Import Prices by Country

In 2021, the average tantalum import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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