Report Update Apr 1, 2024

World - Tantalum - Market Analysis, Forecast, Size, Trends and Insights

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Global Tantalum Market 2024

Tantalum Market Size

The global tantalum market expanded modestly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Tantalum Production

In value terms, tantalum production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Tantalum Exports

Exports

For the third consecutive year, the global market recorded growth in overseas shipments of tantalum, which increased by X% to X tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, tantalum exports soared to $X in 2022. In general, exports, however, showed a slight contraction. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Kazakhstan (X tons) represented the main exporter of tantalum in the world, making up X% of total export. It was distantly followed by the Czech Republic (X tons), making up a X% share of total exports. Estonia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest tantalum supplying countries worldwide were the United States ($X), China ($X) and Japan ($X), together comprising X% of global exports. Thailand, Kazakhstan, the Czech Republic and Estonia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Estonia, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tantalum export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a mild contraction. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other global leaders experienced a decline in the export price figures.

Tantalum Imports

Imports

Global tantalum imports soared to X tons in 2022, increasing by X% against the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tantalum imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the major importer of tantalum in the world, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by El Salvador (X tons), Germany (X tons), the Czech Republic (X tons) and Indonesia (X tons), together creating a X% share of total imports. Japan (X tons), Israel (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into the United States stood at X%. At the same time, El Salvador (X%), Germany (X%), the UK (X%) and Israel (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%), Japan (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, El Salvador and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tantalum worldwide, comprising X% of global imports. The second position in the ranking was taken by El Salvador ($X), with an X% share of global imports. It was followed by Indonesia, with an X% share.

In the United States, tantalum imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: El Salvador (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average tantalum import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a slight curtailment. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced mixed trends in the import price figures.

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Frequently Asked Questions (FAQ) :

What are the largest markets for tantalum in the world?

The countries with the highest volumes of consumption in 2022 were Democratic Republic of the Congo, Germany and Rwanda, with a combined 48% share of global consumption.

What are the largest producers of tantalum in the world?

The countries with the highest volumes of production in 2022 were Democratic Republic of the Congo, Rwanda and Germany, with a combined 49% share of global production.

What are the leading exporters of tantalum in the world?

In value terms, the largest tantalum supplying countries worldwide were the United States, China and Japan, together accounting for 65% of global exports. Thailand, Kazakhstan, the Czech Republic and Estonia lagged somewhat behind, together comprising a further 32%.

What are the leading importers of tantalum in the world?

In value terms, the United States constitutes the largest market for imported tantalum worldwide, comprising 48% of global imports. The second position in the ranking was held by El Salvador, with an 11% share of global imports. It was followed by Indonesia, with an 8.2% share.

What is the average export price for tantalum in the world?

The average tantalum export price stood at $371,099 per ton in 2022, with a decrease of -2.3% against the previous year.

What is the average import price for tantalum in the world?

In 2022, the average tantalum import price amounted to $355,415 per ton, growing by 7.2% against the previous year.

This report provides an in-depth analysis of the global tantalum market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023