Philippines - Tantalum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTantalum Price in the Philippines - 2023
Contents:
- Tantalum Price in the Philippines (CIF) - 2022
- Tantalum Price in the Philippines (FOB) - 2022
- Tantalum Imports in the Philippines
- Tantalum Exports in the Philippines
Tantalum Price in the Philippines (CIF) - 2022
In 2022, the average tantalum import price amounted to $614,492 per ton, declining by -6.8% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tantalum import price decreased by -20.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. As a result, import price reached the peak level of $774,180 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($817,046 per ton), while the price for China ($538,312 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+54.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tantalum Price in the Philippines (FOB) - 2022
The average tantalum export price stood at $180,010 per ton in 2022, reducing by -44% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 100% against the previous year. Over the period under review, the average export prices attained the maximum at $402,365 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +68.9% per year.
Tantalum Imports in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of tantalum, when their volume decreased by -6.3% to 8.9 tons. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 68%. As a result, imports attained the peak of 9.5 tons, and then reduced in the following year.
In value terms, tantalum imports reduced to $5.5M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $6.2M, and then shrank in the following year.
| Import of Tantalum in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 2.1 | 3.4 | 3.4 | 69.4% |
| Germany | 0.2 | 0.4 | 1.5 | 1.7 | 104.1% |
| Japan | 1.8 | 0.7 | 0.8 | 0.4 | -39.4% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Australia | 0.3 | 0.4 | 0.5 | N/A | 29.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 3.8 | 6.2 | 5.5 | 21.1% |
Top Suppliers of Tantalum to the Philippines in 2022:
- China (6.2 tons)
- Germany (2.1 tons)
- Japan (0.5 tons)
Tantalum Exports in the Philippines
In 2022, approx. 294 kg of tantalum were exported from the Philippines; reducing by -28.8% compared with 2021 figures. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 354%.
In value terms, tantalum exports contracted rapidly to $53K in 2022. Over the period under review, exports saw a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 807% against the previous year. As a result, the exports attained the peak of $133K, and then shrank significantly in the following year.
| Export of Tantalum in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 109 | 11.3 | 55.1 | 52.9 | -21.4% |
| South Korea | 3.4 | 1.0 | 4.7 | N/A | 17.6% |
| China | 3.8 | 0.5 | 2.8 | N/A | -14.2% |
| Germany | 15.3 | 1.8 | 9.8 | N/A | -20.0% |
| Israel | N/A | N/A | 59.4 | N/A | 0% |
| Others | 0.9 | 0.1 | 0.9 | N/A | 0.0% |
| Total | 132 | 14.6 | 133 | 52.9 | -26.3% |
Top Export Markets for Tantalum from the Philippines in 2022:
- Australia (294.0 kg)
This report provides an in-depth analysis of the tantalum market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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