ASEAN: Tantalum Market 2024

Tantalum Market Size in ASEAN

In 2022, the ASEAN tantalum market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tantalum Production in ASEAN

In value terms, tantalum production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tantalum Exports

Exports in ASEAN

In 2022, tantalum exports in ASEAN soared to X tons, jumping by X% against 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tantalum exports surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Thailand (X tons), together recording X% of total export.

Thailand was also the fastest-growing in terms of the tantalum exports, with a CAGR of X% from 2012 to 2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest tantalum supplier in ASEAN.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand was relatively modest.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tantalum export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Tantalum Imports

Imports in ASEAN

In 2022, approx. X tons of tantalum were imported in ASEAN; shrinking by X% on 2021 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tantalum imports contracted notably to $X in 2022. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the major importing country with an import of about X tons, which reached X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and the Philippines (X%).

From 2012 to 2022, average annual rates of growth with regard to tantalum imports into Indonesia stood at X%. At the same time, the Philippines (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.), Malaysia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) constitutes the largest market for imported tantalum in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, surging by X% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tantalum import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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