Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (FOB) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (CIF) - 2022
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (FOB) - 2022
The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $807 per ton in 2022, which is down by -26.9% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the average export price increased by 419%. The export price peaked at $19,589 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,659 per ton), while the average price for exports to China ($755 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 Estonia (+2.3%), while the prices for the other major destinations experienced a decline.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $247 per ton, reducing by -61.5% against the previous year. Over the period under review, the import price saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 145% against the previous year. As a result, import price reached the peak level of $21,464 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to -61.4% per year.
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria
Exports of niobium, tantalum, vanadium ores and concentrateses from Nigeria surged to 15K tons in 2022, with an increase of 361% on 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,850%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $12M in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 456% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | N/A | 0.6 | 10.7 | 128.2% |
| Hong Kong SAR | 0.1 | 0.2 | 0.1 | 0.9 | 108.0% |
| Malaysia | 0.4 | N/A | N/A | 0.7 | 20.5% |
| Estonia | 1.1 | 0.2 | 0.5 | N/A | -32.6% |
| Others | 0.4 | 0.2 | 2.4 | N/A | 144.9% |
| Total | 2.9 | 0.7 | 3.6 | 12.3 | 61.9% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Nigeria in 2022:
- China (14.1K tons)
- Hong Kong SAR (0.8K tons)
- Malaysia (0.3K tons)
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria
Imports of niobium, tantalum, vanadium ores and concentrateses into Nigeria surged to 28 tons in 2022, jumping by 16% compared with the previous year. The total import volume increased at an average annual rate of +16.3% over the period from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 declined markedly to $6.9K in 2022. Overall, imports, however, continue to indicate a sharp shrinkage.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| China | 15.4 | 6.9 | -55.2% | ||
| Others | N/A | N/A | 0% | ||
| Total | 15.4 | 6.9 | -55.2% | ||
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Nigeria in 2022:
- China (28.0 tons)
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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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