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Report World - Tantalum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Tantalum - Market Analysis, Forecast, Size, Trends and Insights

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Global Tantalum Market 2024

Tantalum Market Size

The global tantalum market shrank to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2021, and then shrank in the following year.

Tantalum Production

In value terms, tantalum production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 46%. Over the period under review, global production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Tantalum Exports

Exports

In 2022, global exports of tantalum expanded markedly to X tons, increasing by 14% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, tantalum exports amounted to $X in 2022. Over the period under review, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Kazakhstan (X tons) was the main exporter of tantalum in the world, committing 87% of total export. It was distantly followed by the Czech Republic (X tons), constituting a 4.8% share of total exports. Estonia (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 main exporting countries, was attained by Estonia (with a CAGR of +15.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest tantalum supplying countries worldwide were the United States ($X), China ($X) and Japan ($X), with a combined 64% share of global exports. Thailand, Kazakhstan, the Czech Republic and Estonia lagged somewhat behind, together comprising a further 32%.

Among the main exporting countries, Estonia, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average tantalum export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 11%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($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 global leaders experienced a decline in the export price figures.

Tantalum Imports

Imports

In 2022, overseas purchases of tantalum increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, tantalum imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) represented the key importer of tantalum, committing 43% of total imports. It was distantly followed by El Salvador (X tons), Germany (X tons), Indonesia (X tons), the Czech Republic (X tons) and Malaysia (X tons), together making up a 40% share of total imports. Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into the United States stood at +6.5%. At the same time, El Salvador (+13.1%), Malaysia (+10.7%), Germany (+9.6%) and Israel (+3.1%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing importer imported in the world, with a CAGR of +13.1% from 2012-2022. By contrast, the Czech Republic (-4.3%) and Indonesia (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, El Salvador, Germany and Malaysia increased by +18, +9.6, +4.6 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tantalum worldwide, comprising 46% of global imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of global imports. It was followed by El Salvador, with an 11% share.

In the United States, tantalum imports increased at an average annual rate of +5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-0.6% per year) and El Salvador (+12.9% per year).

Import Prices by Country

In 2022, the average tantalum import price amounted to $X per ton, growing by 1.8% against the previous year. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.3%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Democratic Republic of the Congo, Germany and Rwanda, with a combined 49% share of global consumption. The United States, Japan, Kazakhstan, Nigeria, El Salvador, Mexico, Indonesia, Brazil, Australia and Israel lagged somewhat behind, together comprising a further 42%.
The countries with the highest volumes of in 2021 were Democratic Republic of the Congo, Germany and Rwanda, together comprising 48% of global production.
In value terms, the United States, Japan and China appeared to be the countries with the highest levels of exports in 2021, together accounting for 60% of global exports. Thailand, Germany, the Czech Republic, Kazakhstan and Estonia lagged somewhat behind, together accounting for a further 35%.
In value terms, the United States constitutes the largest market for imported tantalum worldwide, comprising 42% of global imports. The second position in the ranking was occupied by Mexico, with a 13% share of global imports. It was followed by Indonesia, with an 11% share.
The average tantalum export price stood at $273,046 per ton in 2021, declining by -26.7% against the previous year.
The average tantalum import price stood at $332,768 per ton in 2021, surging by 6.2% against the previous year.

This report provides an in-depth analysis of the global tantalum market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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