Updated Feb 18, 2023 02:59

Imports of Niobium, tantalum, vanadium ores and concentrates in Eastern Asia

In , imports of niobium, tantalum, vanadium ores and concentrateses in Eastern Asia skyrocketed to tons, jumping by % compared with figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. As a result, imports reached the peak of tons. From to , the growth of imports of remained at a somewhat lower figure.

In value terms, imports of niobium, tantalum, vanadium ores and concentrateses skyrocketed to $ in . In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country
China was the largest importer of niobium, tantalum, vanadium ores and concentrateses in Eastern Asia, with the volume of imports amounting to tons, which was near % of total imports in . Taiwan (Chinese) ( tons) held the second position in the ranking, followed by Japan ( tons) and Hong Kong SAR ( tons). All these countries together took approx. % share of total imports.

Imports into China decreased at an average annual rate of -% from 2007 to . At the same time, Japan (+%) and Taiwan (Chinese) (+%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +% from 2007-. By contrast, Hong Kong SAR (-%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+ p.p.) and Japan (+ p.p.) increased significantly in terms of the total imports from 2007-, the share of Hong Kong SAR (- p.p.) and China (- p.p.) displayed negative dynamics.

In value terms, China ($) constitutes the largest market for imported niobium, tantalum, vanadium ores and concentrateses in Eastern Asia, comprising % of total imports. The second position in the ranking was held by Japan ($), with a % share of total imports. It was followed by Hong Kong SAR, with a % share.

From 2007 to , the average annual rate of growth in terms of value in China totaled +%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+% per year) and Hong Kong SAR (-% per year).

Import Prices by Country
The import price in Eastern Asia stood at $ per ton in , jumping by % against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in when the import price increased by %. The level of import peaked at $ per ton in 2014; however, from 2015 to , import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In , amid the top importers, the country with the highest price was China ($ per ton), while Taiwan (Chinese) ($ per ton) was amongst the lowest.

From 2007 to , the most notable rate of growth in terms of prices was attained by China (+%), while the other leaders experienced mixed trends in the import price figures.