Eastern Asia: Tantalum Market 2024

Tantalum Market Size in Eastern Asia

The East Asian tantalum market fell to $X in 2022, waning by -10.9% against the previous year. Overall, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Tantalum Production in Eastern Asia

In value terms, tantalum production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 13%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tantalum Exports

Exports in Eastern Asia

In 2022, exports of tantalum in Eastern Asia soared to X tons, with an increase of 33% against the previous year. Overall, exports recorded a relatively flat trend pattern. 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. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of tantalum, making up 59% of total exports. It was distantly followed by Japan (X tons), achieving a 38% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +9.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest tantalum supplying countries in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 100% share of total exports.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by -3.1% against the previous year. Overall, the export price showed a perceptible descent. 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 remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X 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 (+0.9%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Eastern Asia

Tantalum imports skyrocketed to X tons in 2022, with an increase of 32% compared with 2021. Overall, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. 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 surged to $X in 2022. In general, imports, however, saw a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) was the largest importer of tantalum, creating 63% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a 20% share, followed by China (8.9%) and Taiwan (Chinese) (6.1%). South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into Japan stood at -1.2%. At the same time, Taiwan (Chinese) (+23.1%) and South Korea (+3.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.1% from 2012-2022. By contrast, Hong Kong SAR (-1.3%) and China (-16.5%) illustrated a downward trend over the same period. Japan (+16 p.p.), Taiwan (Chinese) (+5.6 p.p.) and Hong Kong SAR (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -26.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported tantalum in Eastern Asia, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

In Japan, tantalum imports contracted by an average annual rate of -3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-15.3% per year) and Hong Kong SAR (-0.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by -2.3% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2018 when the import price increased by 9.5%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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