Thailand: Tantalum Market 2024

Tantalum Market Size in Thailand

The Thai tantalum market reduced remarkably to $X in 2022, waning by X% against the previous year. Overall, consumption saw a dramatic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tantalum Production in Thailand

In value terms, tantalum production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Tantalum production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tantalum Exports

Exports from Thailand

For the third year in a row, Thailand recorded growth in overseas shipments of tantalum, which increased by X% to X tons in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tantalum exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), El Salvador (X tons) and Germany (X tons) were the main destinations of tantalum exports from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled 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).

Export Prices by Country

In 2022, the average tantalum export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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

Tantalum imports into Thailand dropped dramatically to X tons in 2022, which is down by X% compared with the year before. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, tantalum imports dropped markedly to $X in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) was the main 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, the Czech Republic (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

Import Prices by Country

The average tantalum import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X,768 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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