Nigeria's Tantalum Market Report 2024 - Prices, Size, Forecast, and Companies

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In 2023, the Nigerien tantalum market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2022, and then reduced in the following year.

In value terms, tantalum production declined slightly to $X in 2023 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then reduced slightly in the following year.

Tantalum exports from Nigeria amounted to X kg in 2021, therefore, remained relatively stable against 2020. Overall, exports faced a deep slump. The smallest decline of X% was in 2019. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tantalum exports totaled $X in 2021. Over the period under review, exports showed a abrupt decline. The smallest decline of X% was in 2019. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

China (X kg) was the main destination for tantalum exports from Nigeria, accounting for a approx. X% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to China was relatively modest.

From 2016 to 2021, the average annual rate of growth in terms of value to China was relatively modest.

In 2021, the average tantalum export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2016 to 2021, the rate of growth in terms of prices for China amounted to X% per year.

In 2022, approx. X kg of tantalum were imported into Nigeria; flattening at the previous year. In general, imports continue to indicate a slight decrease. The smallest decline of X% was in 2014. Imports peaked at X kg in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tantalum imports soared to $X in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In 2022, Italy (X kg) was the main tantalum supplier to Nigeria, accounting for a approx. X% share of total imports.

From 2013 to 2022, the average annual growth rate of volume from Italy was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of tantalum to Nigeria.

From 2013 to 2022, the average annual growth rate of value from Italy was relatively modest.

In 2022, the average tantalum import price amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2013 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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