Report Update Nov 1, 2024

United Kingdom - Tantalum - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Tantalum Market 2024

Tantalum Market Size in the UK

In 2022, the UK tantalum market increased by 36% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a significant increase. Tantalum consumption peaked at $X in 2017; afterwards, it flattened through to 2022.

Tantalum Production in the UK

In value terms, tantalum production expanded to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by 44%. Tantalum production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tantalum Exports

Exports from the UK

Tantalum exports from the UK fell significantly to X tons in 2022, which is down by -78.6% compared with the previous year's figure. In general, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2018 with an increase of 911%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tantalum exports plummeted to $X in 2022. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 414% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X kg) and Belgium (X kg) were the main destinations of tantalum exports from the UK, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +65.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for tantalum exported from the UK worldwide, with a combined 88% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +65.6%, saw 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, jumping by 35% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 103%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Singapore ($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 India (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tantalum Imports

Imports into the UK

In 2022, overseas purchases of tantalum increased by 26% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 106%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, tantalum imports surged to $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 85% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest tantalum supplier to the UK, with a 69% share of total imports. Moreover, tantalum imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Germany (+58.7% per year).

In value terms, China ($X) constituted the largest supplier of tantalum to the UK, comprising 69% of total imports. The second position in the ranking was held by Spain ($X), with a 10% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Germany (+79.1% per year).

Import Prices by Country

The average tantalum import price stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the import price, however, saw a slight slump. The growth pace was the most rapid in 2019 when the average import price increased by 20%. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Estonia ($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 Netherlands (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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 accounting for 49% of global consumption. These countries were followed by the United States, Japan, Kazakhstan, Nigeria, El Salvador, Mexico, Indonesia, Brazil, Australia and Israel, which together accounted 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, together accounting for 48% of global production.

What are the leading suppliers of tantalum to the UK?

In value terms, Estonia, China and the United States constituted the largest tantalum suppliers to the UK, together comprising 85% of total imports. These countries were followed by Germany, the Netherlands and Taiwan Chinese), which together accounted for a further 15%.

What are the leading importers of tantalum from the UK?

In value terms, the United States, Germany and France constituted the largest markets for tantalum exported from the UK worldwide, together comprising 96% of total exports. India lagged somewhat behind, comprising a further 1.5%.

What is the average export price for tantalum in the UK?

The average tantalum export price stood at $205,389 per ton in 2021, growing by 53% against the previous year.

What is the average import price for tantalum in the UK?

The average tantalum import price stood at $237,673 per ton in 2021, remaining relatively unchanged against the previous year.

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

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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