France: Tantalum Market 2024

Tantalum Market Size in France

In 2022, the French tantalum market increased by 126% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a notable expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Tantalum Exports

Exports from France

In 2022, after three years of decline, there was significant growth in shipments abroad of tantalum, when their volume increased by 277% to X kg. Overall, exports saw tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,311% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tantalum exports soared to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,277%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for tantalum exports from France, with a 78% share of total exports. Moreover, tantalum exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.8% per year) and Germany (+0.6% per year).

In value terms, the largest markets for tantalum exported from France were the UK ($X), the Netherlands ($X) and Germany ($X), together accounting for 93% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +18.5%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average tantalum export price amounted to $X per ton, shrinking by -46.7% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 177% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X 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 the United States (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Tantalum Imports

Imports into France

In 2022, overseas purchases of tantalum increased by 161% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 257% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, tantalum imports surged to $X in 2022. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 115%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of tantalum to France, accounting for a 72% share of total imports. Moreover, tantalum imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Belgium (X kg), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and Belgium (+251.4% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of tantalum to France, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.1% per year) and the United States (-13.2% per year).

Import Prices by Country

The average tantalum import price stood at $X per ton in 2022, dropping by -26.1% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2019 an increase of 79% against the previous year. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 United States (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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