South Africa: Tantalum Market 2025

Tantalum Market Size in South Africa

The South African tantalum market expanded rapidly to $X in 2022, increasing by 9.7% against the previous year. Overall, consumption recorded a measured expansion. Tantalum consumption peaked in 2022 and is expected to retain growth in years to come.

Tantalum Production in South Africa

In value terms, tantalum production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Tantalum Exports

Exports from South Africa

In 2019, the amount of tantalum exported from South Africa amounted to X kg, remaining relatively unchanged against 2018 figures. Over the period under review, exports showed a dramatic downturn. The smallest decline of 99.9% was in 2016. The exports peaked at X kg in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, tantalum exports amounted to $X in 2019. In general, exports continue to indicate a dramatic descent. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

Namibia (X kg) was the main destination for tantalum exports from South Africa, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to Namibia amounted to -60.5%.

From 2015 to 2019, the average annual growth rate of value to Namibia amounted to -46.7%.

Export Prices by Country

In 2019, the average tantalum export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Namibia.

From 2015 to 2019, the rate of growth in terms of prices for Namibia amounted to +34.8% per year.

Tantalum Imports

Imports into South Africa

Tantalum imports into South Africa surged to X kg in 2022, increasing by 1,600% against the previous year. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tantalum imports soared to $X in 2022. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,431% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of tantalum to South Africa, accounting for a 71% share of total imports. Moreover, tantalum imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and Canada (0.0% per year).

In value terms, Canada ($X), China ($X) and the UK ($X) were the largest tantalum suppliers to South Africa.

Among the main suppliers, China, with a CAGR of +43.2%, recorded the highest growth rate of 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, with a decrease of -14% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 an increase of 147% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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