United Arab Emirates: Tantalum Market 2025

Tantalum Market Size in the United Arab Emirates

In 2022, the tantalum market in the United Arab Emirates decreased by -25.1% to $X for the first time since 2011, thus ending a ten-year rising trend. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Tantalum Production in the United Arab Emirates

In value terms, tantalum production expanded to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -1.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Tantalum production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tantalum Exports

Exports from the United Arab Emirates

In 2022, approx. X kg of tantalum were exported from the United Arab Emirates; reducing by -18.3% on 2021 figures. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 2,678% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, tantalum exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 3,793% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X kg) was the main destination for tantalum exports from the United Arab Emirates, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at +47.6%.

In value terms, Iran ($X) also remains the key foreign market for tantalum exports from the United Arab Emirates.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran amounted to +57.5%.

Export Prices by Country

In 2022, the average tantalum export price amounted to $X per ton, rising by 2.6% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2016 an increase of 73% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +6.7% per year.

Tantalum Imports

Imports into the United Arab Emirates

For the third year in a row, the United Arab Emirates recorded growth in supplies from abroad of tantalum, which increased by 7.2% to X tons in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 124%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, tantalum imports declined dramatically to $X in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 100%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons) was the main tantalum supplier to the United Arab Emirates, with a 100% share of total imports. It was followed by India (X kg), with a 0.1% share of total imports. The third position in this ranking was held by the United States (X kg), with less than 0.1% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +623.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-89.3% per year) and the United States (-97.0% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of tantalum to the United Arab Emirates, comprising 100% of total imports. The second position in the ranking was taken by India ($X), with a 0.1% share of total imports. It was followed by the United States, with less than 0.1% share.

From 2020 to 2022, the average annual rate of growth in terms of value from Hong Kong SAR stood at +407.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-96.2% per year) and the United States (-98.3% per year).

Import Prices by Country

In 2022, the average tantalum import price amounted to $X per ton, falling by -30% against the previous year. Over the period under review, the import price faced a significant decrease. The most prominent rate of growth was recorded in 2021 a decrease of -10.6% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-29.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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