Eastern Europe: Tantalum Market 2024

Tantalum Market Size in Eastern Europe

In 2023, the East European tantalum market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a perceptible downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Tantalum Production in Eastern Europe

In value terms, tantalum production surged to $X in 2023 estimated in export price. In general, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Tantalum Exports

Exports in Eastern Europe

In 2023, shipments abroad of tantalum decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tantalum exports contracted notably to $X in 2023. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, the Czech Republic (X tons) was the key exporter of tantalum, constituting X% of total exports. Estonia (X tons) held the second position in the ranking, distantly followed by Russia (X tons). All these countries together held near X% share of total exports.

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of tantalum. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Estonia experienced a relatively flat trend pattern. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Estonia ($X) and Russia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Eastern Europe

In 2023, imports of tantalum in Eastern Europe dropped rapidly to X tons, declining by X% on 2022 figures. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, tantalum imports declined markedly to $X in 2023. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The Czech Republic was the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Russia (X tons), comprising a X% share of total imports.

Imports into the Czech Republic decreased at an average annual rate of X% from 2012 to 2023. Russia (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, the largest tantalum importing markets in Eastern Europe were Russia ($X) and the Czech Republic ($X).

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while the Czech Republic totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform