U.S.: Tantalum Market 2022

Tantalum Market Size in the U.S.

The U.S. tantalum market skyrocketed to $X in 2021, rising 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). In general, consumption saw a buoyant expansion. Tantalum consumption peaked in 2021 and is likely to continue growth in the immediate term.

Tantalum Exports

Exports from the U.S.

In 2021, overseas shipments of tantalum increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated noticeable growth 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 pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tonnes. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, tantalum exports rose sharply to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tonnes) was the main destination for tantalum exports from the United States, accounting for a X% share of total exports. Moreover, tantalum exports to Mexico exceeded the volume sent to the second major destination, El Salvador (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+X% per year) and Germany (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+X% per year) and Germany (-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 perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per tonne), while the average price for exports to Germany ($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 the U.S.

In 2021, overseas purchases of tantalum increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated resilient growth 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. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, tantalum imports soared to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value 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. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tonnes), Germany (X tonnes) and Kazakhstan (X tonnes) were the main suppliers of tantalum imports to the United States, with a combined X% share of total imports.

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

In value terms, Germany ($X), China ($X) and Thailand ($X) constituted the largest tantalum suppliers to the United States, with a combined X% share of total imports.

Germany, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tantalum import price stood at $X per tonne in 2021, rising by X% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform