Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia - 2023
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $5,804 per ton, reducing by -12.4% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. The import price peaked at $10,390 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Tanzania ($22,929 per ton), while the price for Thailand ($1,564 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Congo (+19.4%), while the prices for the other major suppliers experienced a decline.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (FOB) - 2022
In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $16,465 per ton, waning by -7.3% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2013 an increase of 45%. As a result, the export price reached the peak level of $55,059 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($18,930 per ton), while the average price for exports to the United States ($4,549 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 China (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia
In 2022, imports of niobium, tantalum, vanadium ores and concentrateses into Malaysia surged to 17K tons, picking up by 79% compared with the year before. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $99M in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 0.9 | 4.1 | 7.3 | 34.6 | 237.5% |
| Congo | 9.2 | 10.5 | 31.4 | 32.3 | 52.0% |
| Singapore | N/A | N/A | N/A | 16.6 | 0% |
| Tanzania | 10.2 | 4.0 | 0.6 | 7.4 | -10.1% |
| Thailand | 0.6 | 0.5 | 0.1 | 0.7 | 5.3% |
| Rwanda | 2.0 | 4.5 | 10.2 | N/A | 125.8% |
| Mexico | N/A | 1.1 | N/A | N/A | 0% |
| Australia | 1.0 | 5.1 | 7.5 | N/A | 173.9% |
| Others | 5.0 | 4.7 | 6.0 | 7.6 | 15.0% |
| Total | 28.9 | 34.5 | 63.1 | 99.1 | 50.8% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Malaysia in 2022:
- Nigeria (12.7K tons)
- Congo (2.0K tons)
- Singapore (0.8K tons)
- Thailand (0.4K tons)
- Tanzania (0.3K tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of niobium, tantalum, vanadium ores and concentrateses, which increased by 0.6% to 2.8K tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 141%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses shrank to $46M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $50M, and then dropped in the following year.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.2 | 7.4 | 21.2 | 22.2 | 74.2% |
| China | 3.4 | 9.0 | 14.4 | 13.9 | 59.9% |
| United Arab Emirates | 1.6 | 3.9 | 8.8 | 5.2 | 48.1% |
| Myanmar | N/A | N/A | N/A | 2.7 | 0% |
| United States | 0.6 | 0.6 | 0.7 | 0.5 | -5.9% |
| Others | 3.3 | 4.1 | 4.7 | 1.9 | -16.8% |
| Total | 13.1 | 25.0 | 49.8 | 46.5 | 52.5% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Malaysia in 2022:
- Thailand (1175.3 tons)
- China (1030.2 tons)
- United Arab Emirates (294.7 tons)
- Myanmar (154.9 tons)
- United States (109.8 tons)
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This report provides an in-depth analysis of the global market for zirconium ore and concentrate.
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Explore the top import markets for zirconium ore and concentrate, including China, Spain, India, the United States, Malaysia, Italy, Japan, France, Brazil, and Belgium. Gain valuable insights and key statistics from IndexBox market intelligence platform.
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The global zirconium ore and concentrate market soared by +16% y-o-y to $2.4B in 2020. China, Australia and the U.S. lead global zirconium ore and concentrate consumption, with a combined 78%-share of the total volume. China prevails in global zirconium concentrate imports, steadily increasing the volume of purchases over the last decade. In 2020, the world average import price for zirconium ores and concentrates amounted to $987 per ton, rising at an average annual rate of +1.1% over the past ten years.
