Japan: Tantalum Market 2024

Tantalum Market Size in Japan

The Japanese tantalum market expanded significantly to $X in 2022, picking up by 6.7% against the previous year. In general, consumption showed a abrupt curtailment. Tantalum consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tantalum Production in Japan

In value terms, tantalum production fell slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 5.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tantalum Exports

Exports from Japan

In 2022, approx. X tons of tantalum were exported from Japan; picking up by 7.2% against the previous year. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +33.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 58%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, tantalum exports fell to $X in 2022. Overall, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 29%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for tantalum exports from Japan, with a 39% share of total exports. Moreover, tantalum exports to Indonesia exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-2.7% per year) and the United States (+9.7% per year).

In value terms, the largest markets for tantalum exported from Japan were Indonesia ($X), the United States ($X) and the Czech Republic ($X), with a combined 80% share of total exports. Thailand, Hong Kong SAR, El Salvador, Israel and China lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +81.0%, 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

The average tantalum export price stood at $X per ton in 2022, declining by -12.1% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 7.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to El Salvador ($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 China (-0.6%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into Japan

Tantalum imports into Japan stood at X tons in 2022, growing by 14% compared with the previous year's figure. In general, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tantalum imports soared to $X in 2022. Over the period under review, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of tantalum imports to Japan, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +87.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), the United States ($X) and Germany ($X) appeared to be the largest tantalum suppliers to Japan, together accounting for 73% of total imports. Thailand, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +67.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tantalum import price amounted to $X per ton, surging by 15% against the previous year. In general, the import price, however, showed a mild curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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