Price for Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (FOB) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (CIF) - 2022
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (FOB) - 2022
The average export price for niobium, tantalum, vanadium ores and concentrateses stood at $1,321 per ton in 2022, dropping by -30.9% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 57%. As a result, the export price attained the peak level of $12,718 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,417 per ton), while the average price for exports to Cambodia ($1,035 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 China (-4.2%), while the prices for the other major destinations experienced a decline.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $2,065 per ton, shrinking by -33.6% against the previous year. Over the period under review, the import price saw a significant decline. The pace of growth was the most pronounced in 2020 an increase of 2,103% against the previous year. As a result, import price reached the peak level of $81,493 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +1,337.7% per year.
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea
In 2022, shipments abroad of niobium, tantalum, vanadium ores and concentrateses decreased by -5% to 3.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,702% against the previous year.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses contracted dramatically to $4.5M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,745% against the previous year.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 2.1 | 5.0 | 3.2 | 23.4% |
| Thailand | 0.1 | N/A | 1.1 | 1.2 | 128.9% |
| Cambodia | N/A | N/A | 0.6 | 0.1 | -83.3% |
| India | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.1 | 2.2 | 6.9 | 4.5 | 255.7% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from South Korea in 2022:
- Vietnam (2248.6 tons)
- Thailand (1030.9 tons)
- Cambodia (125.9 tons)
- India (14.4 tons)
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea
Imports of niobium, tantalum, vanadium ores and concentrateses into South Korea soared to 108 tons in 2022, rising by 776% compared with the previous year. In general, imports recorded a prominent increase. 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 soared to $223K in 2022. Overall, imports, however, showed a drastic downturn.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 145 | 0% |
| Barbados | 93.9 | N/A | N/A | N/A | 0% |
| United States | 3.4 | 0.3 | 10.8 | N/A | 78.2% |
| Kuwait | 201 | N/A | N/A | N/A | 0% |
| Others | 8.0 | 252 | 27.4 | 77.4 | 113.1% |
| Total | 306 | 252 | 38.2 | 223 | -10.0% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to South Korea in 2022:
- Canada (107.5 tons)
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