Turkey: Tantalum Market 2022

Tantalum Market Size in Turkey

For the third year in a row, the Turkish tantalum market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Tantalum Exports

Exports from Turkey

For the tenth consecutive year, Turkey recorded growth in overseas shipments of tantalum, which increased by X% to X kg in 2021. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tantalum exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan (X kg), the UK (X kg) and South Korea (X kg) were the main destinations of tantalum exports from Turkey, with a combined X% share of total exports.

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

In value terms, Pakistan ($X) remains the key foreign market for tantalum exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Croatia ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

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

Export Prices by Country

In 2021, the average tantalum export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($X per tonne), while the average price for exports to South Korea ($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 Pakistan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tantalum Imports

Imports into Turkey

In 2021, approx. X kg of tantalum were imported into Turkey; with an increase of X% on the previous year. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, tantalum imports surged to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Hong Kong SAR (X kg), the United States (X kg) and China (X kg) were the main suppliers of tantalum imports to Turkey, with a combined X% share of total imports. The UK, Germany and Japan lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of tantalum to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, dropping by -X% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2020, and then reduced dramatically in the following year.

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

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

Source: IndexBox Platform