Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic - 2023

Contents:

  1. Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic (FOB) - 2022
  2. Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic

Price for Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic (FOB) - 2022

In 2022, the average export price for niobium, tantalum, vanadium ores and concentrateses amounted to $58,984 per ton, rising by 80% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($100,000 per ton), while the average price for exports to Suriname ($42,788 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 Jamaica (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic

In 2022, overseas shipments of niobium, tantalum, vanadium ores and concentrateses were finally on the rise to reach 320 kg after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn.

In value terms, exports of niobium, tantalum, vanadium ores and concentrateses surged to $19K in 2022. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Niobium, Tantalum, Vanadium Ores and Concentrates in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Suriname4.73.21.68.923.7%
Haiti0.80.70.54.577.8%
Jamaica6.72.40.74.0-15.8%
Costa Rica2.70.40.21.5-17.8%
Barbados1.10.50.4N/A-39.7%
Grenada0.60.40.2N/A-42.3%
Trinidad and Tobago2.01.40.7N/A-40.8%
OthersN/AN/AN/AN/A0%
Total18.48.94.418.90.9%

Top Export Markets for Niobium, Tantalum, Vanadium Ores and Concentrates from the Dominican Republic in 2022:

  1. Suriname (208.0 kg)
  2. Jamaica (45.0 kg)
  3. Haiti (45.0 kg)
  4. Costa Rica (22.0 kg)

Source: IndexBox Market Intelligence Platform

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