Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy - 2023

Contents:

  1. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (CIF) - 2023
  2. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (FOB) - 2023
  3. Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy
  4. Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (CIF) - 2023

In October 2023, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $1,675 per ton, declining by -23.3% against the previous month. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in February 2023 an increase of 28% month-to-month. As a result, import price reached the peak level of $2,663 per ton. From March 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Senegal ($2,174 per ton), while the price for Madagascar ($1,145 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Egypt (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (FOB) - 2023

In October 2023, the average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,203 per ton, approximately equating the previous month. Overall, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 47% month-to-month. As a result, the export price reached the peak level of $3,715 per ton. From July 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Peru ($2,304 per ton), while the average price for exports to Brazil ($2,160 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy

In 2022, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses into Italy dropped modestly to 43K tons, waning by -2.6% compared with 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 44K tons, and then shrank slightly in the following year.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $88M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mozambique31.220.334.339.48.1%
South Africa10.212.313.118.522.0%
Spain1.51.43.38.679.0%
Senegal4.62.33.36.311.1%
France3.92.64.64.11.7%
Indonesia0.30.4N/A2.088.2%
Ukraine2.30.71.91.0-24.2%
Madagascar3.81.21.21.0-35.9%
Australia6.36.3N/A1.0-45.9%
Others1.41.22.26.768.5%
Total65.548.963.888.510.6%

Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to Italy in 2022:

  1. Mozambique (19.8K tons)
  2. South Africa (8.8K tons)
  3. Spain (3.7K tons)
  4. Senegal (2.8K tons)
  5. France (2.0K tons)
  6. Madagascar (1.0K tons)
  7. Indonesia (0.7K tons)
  8. Ukraine (0.4K tons)
  9. Australia (0.4K tons)

Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy

In 2022, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses from Italy expanded rapidly to 2.1K tons, picking up by 10% against 2021 figures. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 35%. As a result, the exports attained the peak of 3.4K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses soared to $6.1M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran4725301,1491,77255.4%
Mexico13044099.892392.2%
Hungary31738165486940.0%
Algeria1.61.63.5736671.9%
Spain16278.119372965.1%
Russia1,039518573267-36.4%
Bulgaria84.583.015425444.3%
Czech Republic433185167165-27.5%
Turkey1,0871,83825.775.9-58.8%
Brazil3321,121N/A15.5-64.0%
Others493136804294-15.8%
Total4,5515,3113,8226,10010.3%

Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from Italy in 2022:

  1. Iran (525.0 tons)
  2. Spain (337.8 tons)
  3. Mexico (316.9 tons)
  4. Hungary (264.0 tons)
  5. Algeria (209.4 tons)
  6. Russia (100.0 tons)
  7. Bulgaria (86.0 tons)
  8. Czech Republic (58.5 tons)
  9. Turkey (22.3 tons)
  10. Brazil (6.0 tons)

Source: IndexBox Market Intelligence Platform

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