Eastern Europe: Tantalum Market 2024

Tantalum Market Size in Eastern Europe

The East European tantalum market declined rapidly to $X in 2022, falling by -36.9% against the previous year. In general, consumption recorded a deep contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tantalum Production in Eastern Europe

In value terms, tantalum production reached $X in 2022 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tantalum Exports

Exports in Eastern Europe

In 2022, shipments abroad of tantalum decreased by -23.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 96% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, tantalum exports dropped to $X in 2022. Overall, exports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2021 with an increase of 87%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The Czech Republic (X tons) and Estonia (X tons) prevails in exports structure, together generating 92% of total exports. It was distantly followed by Russia (X tons), making up a 7.5% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +29.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest tantalum supplying countries in Eastern Europe were the Czech Republic ($X), Estonia ($X) and Russia ($X), with a combined 99.9% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of +28.4%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 16% against the previous year. Over the period under review, the export price, however, saw a slight decrease. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.3%), while the other leaders experienced a decline in the export price figures.

Tantalum Imports

Imports in Eastern Europe

In 2022, after three years of decline, there was significant growth in overseas purchases of tantalum, when their volume increased by 391% to X tons. In general, imports, however, saw a noticeable reduction. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tantalum imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic represented the largest importer of tantalum in Eastern Europe, with the volume of imports accounting for X tons, which was approx. 76% of total imports in 2022. It was distantly followed by Russia (X tons), creating a 21% share of total imports. Estonia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into the Czech Republic stood at -4.3%. At the same time, Estonia (+18.6%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +18.6% from 2012-2022. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia and Estonia increased by +5.3 and +2.1 percentage points, respectively.

In value terms, the Czech Republic ($X) constitutes the largest market for imported tantalum in Eastern Europe, comprising 73% of total imports. The second position in the ranking was held by Russia ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic stood at -8.8%. In the other countries, the average annual rates were as follows: Russia (-3.0% per year) and Estonia (+19.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, declining by -17.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 33% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Russia ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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