United Kingdom: Tantalum Market 2025

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

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