Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium - 2023

Contents:

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

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium (FOB) - 2022

In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $3,084 per ton, with an increase of 123% against the previous year. In general, the export price saw a moderate expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,549%. As a result, the export price attained the peak level of $9,425 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,254 per ton), while the average price for exports to the United States ($2,597 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 India (+86.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium (CIF) - 2022

The average import price for niobium, tantalum, vanadium ores and concentrateses stood at $3,227 per ton in 2022, with an increase of 9.2% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 3,354% against the previous year. The import price peaked at $54,658 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +31.7% per year.

Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium

Exports of niobium, tantalum, vanadium ores and concentrateses from Belgium surged to 147 tons in 2022, increasing by 136% against the previous year. Over the period under review, exports, however, faced a abrupt decrease.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $452K in 2022. Overall, exports, however, continue to indicate a abrupt downturn.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A3370%
United StatesN/AN/AN/A71.90%
EgyptN/AN/AN/A43.30%
South Korea42.0N/A72.1N/A31.0%
Vietnam591N/AN/AN/A0%
India86.0297N/AN/A245.3%
Taiwan (Chinese)15.4311N/AN/A1919.5%
Brazil34.9171N/AN/A390.0%
Ukraine37.693.2N/AN/A147.9%
OthersN/AN/A13.9N/A0%
Total80787386.0452-17.6%

Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Belgium in 2022:

  1. Netherlands (103.5 tons)
  2. United States (27.7 tons)
  3. Egypt (15.4 tons)

Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium

For the third consecutive year, Belgium recorded growth in purchases abroad of niobium, tantalum, vanadium ores and concentrateses, which increased by 45% to 102 tons in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 295%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $329K in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 214%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Belgium (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
BrazilN/AN/A3280%
Netherlands66.3155N/A133.8%
OthersN/A52.90.6-98.9%
Total66.3208329122.8%

Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Belgium in 2022:

  1. Brazil (101.9 tons)

Source: IndexBox Market Intelligence Platform

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