Report Update Nov 1, 2024

Russian Federation - Tantalum - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Tantalum Market 2024

Tantalum Market Size in the Russian Federation

In 2022, the Russian tantalum market decreased by -46.7% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tantalum Production in the Russian Federation

In value terms, tantalum production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Tantalum Exports

Exports from the Russian Federation

In 2022, overseas shipments of tantalum decreased by -25.2% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 195% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, tantalum exports declined dramatically to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 168%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Estonia (X tons) and South Korea (X tons) were the main destinations of tantalum exports from Russia.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +255.9%).

In value terms, Estonia ($X) remains the key foreign market for tantalum exports from Russia, comprising 41% of total exports. The second position in the ranking was held by South Korea ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia totaled -61.3%.

Export Prices by Country

The average tantalum export price stood at $X per ton in 2022, which is down by -8.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 62%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.1%), while the prices for the other major destinations experienced a decline.

Tantalum Imports

Imports into the Russian Federation

In 2022, imports of tantalum into Russia surged to X tons, jumping by 136% compared with 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 247%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 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, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 286% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest tantalum supplier to Russia, with a 78% share of total imports. Moreover, tantalum imports from China exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +39.9%.

In value terms, China ($X) constituted the largest supplier of tantalum to Russia, comprising 79% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +39.6%.

Import Prices by Country

The average tantalum import price stood at $X per ton in 2022, declining by -26% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tantalum in the world?

The countries with the highest volumes of in 2021 were Democratic Republic of the Congo, Germany and Rwanda, together comprising 49% of global consumption. The United States, Japan, Kazakhstan, Nigeria, El Salvador, Mexico, Indonesia, Brazil, Australia and Israel lagged somewhat behind, together accounting for a further 42%.

What are the largest producers of tantalum in the world?

The countries with the highest volumes of in 2021 were Democratic Republic of the Congo, Germany and Rwanda, with a combined 48% share of global production.

What are the leading suppliers of tantalum to the Russian Federation?

In value terms, the largest tantalum suppliers to Russia were Kazakhstan, Estonia and China, together comprising 94% of total imports. Germany lagged somewhat behind, accounting for a further 5.1%.

What are the leading importers of tantalum from the Russian Federation?

In value terms, Germany remains the key foreign market for tantalum exports from Russia, comprising 95% of total exports. The second position in the ranking was occupied by South Korea, with a 5.4% share of total exports.

What is the average export price for tantalum in the Russian Federation?

The average tantalum export price stood at $144,810 per ton in 2021, declining by -21.7% against the previous year.

What is the average import price for tantalum in the Russian Federation?

The average tantalum import price stood at $559,338 per ton in 2021, with an increase of 49% against the previous year.

This report provides an in-depth analysis of the tantalum market in the Russian Federation. 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:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023