Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia - 2023

Contents:

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

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia (CIF) - 2022

The average import price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $1,801 per ton in 2022, reducing by -44.2% against the previous year. Overall, the import price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 130%. Over the period under review, average import prices hit record highs at $3,493 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,639 per ton), while the price for Canada ($1,014 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+308.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia (FOB) - 2022

The average export price for niobium, tantalum, vanadium or zirconium ores and concentrateses stood at $10,320 per ton in 2022, picking up by 75% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 370%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +97.9% per year.

Imports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia

After two years of decline, overseas purchases of niobium, tantalum, vanadium or zirconium ores and concentrateses increased by 507% to 2.3K tons in 2022. Overall, imports, however, recorded a slight decline.

In value terms, imports of niobium, tantalum, vanadium or zirconium ores and concentrateses skyrocketed to $4.1M in 2022. Over the period under review, imports, however, faced a deep downturn.

Import of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania2511881072,219106.8%
Netherlands36724325387633.6%
Austria26596826384647.2%
CanadaN/AN/AN/A1490%
Armenia507N/AN/AN/A0%
Malaysia664N/AN/AN/A0%
United StatesN/A109150N/A37.6%
Kuwait2,808N/AN/AN/A0%
Mexico943148N/AN/A-84.3%
Others484N/A435N/A-5.2%
Total6,2901,6551,2084,089-13.4%

Top Suppliers of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates to Latvia in 2022:

  1. Lithuania (1868.2 tons)
  2. Austria (173.6 tons)
  3. Canada (146.7 tons)
  4. Netherlands (82.3 tons)

Exports of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia

In 2022, the amount of niobium, tantalum, vanadium or zirconium ores and concentrateses exported from Latvia fell sharply to 2.4 tons, with a decrease of -94.4% against 2021 figures. Over the period under review, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 15%.

In value terms, exports of niobium, tantalum, vanadium or zirconium ores and concentrateses contracted notably to $25K in 2022. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 5.5% against the previous year.

Export of Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A25.20%
Russia179N/AN/AN/A0%
Armenia201N/AN/AN/A0%
Lithuania67.0155N/AN/A131.3%
NetherlandsN/A87.7256N/A191.9%
OthersN/AN/AN/AN/A0%
Total44724325625.2-61.7%

Top Export Markets for Niobium, Tantalum, Vanadium or Zirconium Ores and Concentrates from Latvia in 2022:

  1. Germany (2.4 tons)

Source: IndexBox Market Intelligence Platform

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