Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore - 2022
Contents:
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (CIF) - 2022
- Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (FOB) - 2022
- Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore
- Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (CIF) - 2022
In 2022, the average import price for niobium, tantalum, vanadium ores and concentrateses amounted to $56,262 per ton, picking up by 27% against the previous year. Over the period under review, the import price recorded a strong increase. The growth pace was the most rapid in 2021 an increase of 70% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ethiopia ($107,101 per ton), while the price for Burundi ($23,644 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+48.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (FOB) - 2022
In December 2021, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $66,782 per ton, almost unchanged from the previous month. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $83,016 per ton in August 2021; however, from September 2021 to December 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2021 to December 2021, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Imports of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore
In 2022, approx. 217 tons of niobium, tantalum, vanadium ores and concentrateses were imported into Singapore; growing by 21% compared with the previous year. Overall, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 26%.
In value terms, imports of niobium, tantalum, vanadium ores and concentrateses soared to $12M in 2022. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 115% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 6.8 | 2.7 | 3.7 | 5.6 | -6.3% |
| Ethiopia | 0.5 | 0.7 | 3.4 | 5.4 | 121.0% |
| Burundi | 2.7 | 0.3 | 0.8 | 1.1 | -25.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.0 | 3.7 | 7.9 | 12.2 | 6.9% |
Top Suppliers of Niobium, Tantalum, Vanadium Ores and Concentrates to Singapore in 2022:
- Rwanda (119.5 tons)
- Ethiopia (50.8 tons)
- Burundi (46.3 tons)
Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore
In 2022, the amount of niobium, tantalum, vanadium ores and concentrateses exported from Singapore shrank to 28 tons, reducing by -3.1% compared with the year before. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 517% against the previous year. As a result, the exports reached the peak of 29 tons, and then declined in the following year.
In value terms, exports of niobium, tantalum, vanadium ores and concentrateses shrank to $959K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 592% against the previous year. As a result, the exports attained the peak of $1M, and then contracted in the following year.
| Export of Niobium, Tantalum, Vanadium Ores and Concentrates in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 912 | 0% |
| United States | 129 | 148 | 943 | 47.7 | -28.2% |
| Switzerland | 31.7 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 1.4 | 92.3 | 0.1 | -61.8% |
| Total | 163 | 150 | 1,036 | 959 | 80.5% |
Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from Singapore in 2022:
- Malaysia (26.7 tons)
- United States (0.9 tons)
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