Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka - 2022

Contents:

  1. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (FOB) - 2022
  2. Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (CIF) - 2022
  3. Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka
  4. Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (FOB) - 2022

The average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $325 per ton in 2022, dropping by -59.3% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2020 an increase of 58%. As a result, the export price attained the peak level of $1,313 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($933 per ton), while the average price for exports to China ($187 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 the United Arab Emirates (+5.1%), while the prices for the other major destinations experienced a decline.

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (CIF) - 2022

In 2022, the average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses amounted to $2,981 per ton, with an increase of 44% against the previous year. Over the period under review, the import price enjoyed mild growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($3,207 per ton) and Malaysia ($3,094 per ton), while the price for Italy ($2,529 per ton) and Indonesia ($2,530 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 5.2K tons of niobium, tantalum, vanadium or zirconium ores and concentrateses were exported from Sri Lanka; falling by -2.2% on the previous year's figure. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. As a result, the exports attained the peak of 5.3K tons, and then shrank in the following year.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses dropped remarkably to $1.7M in 2022. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 105%. As a result, the exports reached the peak of $4.2M, and then declined significantly in the following year.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain78.964.3136812117.5%
China35172.859276629.7%
Italy86.098.535.21015.5%
India807272734N/A-4.6%
United Arab Emirates2,0871,4612,662N/A12.9%
Others17088.452.7N/A-44.3%
Total3,5802,0574,2131,679-22.3%

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

  1. China (4.1K tons)
  2. Spain (1.0K tons)
  3. Italy (0.1K tons)

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

Imports of niobium, tantalum, vanadium or zirconium ores and concentrateses into Sri Lanka dropped rapidly to 492 tons in 2022, waning by -21% against the year before. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of 623 tons, and then contracted notably in the following year.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $1.5M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 155%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia28233176681442.4%
Thailand37.645.956.2321104.4%
Italy29769.8218240-6.9%
IndonesiaN/AN/AN/A65.80%
Australia46.433.844.4N/A-2.2%
Others58.025.520527.0-22.5%
Total7215061,2901,46726.7%

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

  1. Malaysia (263.0 tons)
  2. Thailand (100.0 tons)
  3. Italy (95.0 tons)
  4. Indonesia (26.0 tons)

Source: IndexBox Market Intelligence Platform

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