Asia-Pacific: Tantalum Market 2024

Tantalum Market Size in Asia-Pacific

The Asia-Pacific tantalum market reduced to $X in 2022, falling by -14.4% against the previous year. In general, consumption saw a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tantalum Production in Asia-Pacific

In value terms, tantalum production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tantalum Exports

Exports in Asia-Pacific

Tantalum exports soared to X tons in 2022, rising by 36% compared with the year before. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tantalum exports skyrocketed to $X in 2022. In general, exports, however, recorded a perceptible decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons), Thailand (X tons) and Japan (X tons) represented the largest exporter of tantalum in Asia-Pacific, achieving 95% of total export. Malaysia (X tons) and Hong Kong SAR (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +9.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 95% of total exports. Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 4.5%.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by -2.2% against the previous year. In general, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.9%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Asia-Pacific

In 2022, approx. X tons of tantalum were imported in Asia-Pacific; surging by 18% on the previous year. In general, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 when imports increased by 65% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tantalum imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2014 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) was the main importer of tantalum, comprising 38% of total imports. It was distantly followed by Malaysia (X tons), Japan (X tons), Thailand (X tons), Hong Kong SAR (X tons) and Australia (X tons), together generating a 54% share of total imports. The Philippines (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +83.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported tantalum in Asia-Pacific, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Thailand, with a 4.4% share.

In Indonesia, tantalum imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-3.1% per year) and Thailand (+9.2% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2013 when the import price increased by 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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