1. Global Tantalum Pentoxide (Ta2O5) Market Revenue Analysis by Regions
The total global tantalum pentoxide (Ta2O5) revenue was US$431.62 million in 2018, growing to US$458.35 million in 2023. Among them, the Chinese and Australian markets have grown significantly, with China growing from US$86.08 million in 2018 to US$102.72 million in 2023, and Australia growing from US$120.27 million to US$163.55 million. In contrast, the European market shows a downward trend, falling from US$36.08 million in 2018 to US$33.08 million in 2023. The North American market declined in 2020 but then returned to growth, while the Japanese market rebounded slightly in 2021 after declining in 2020.
Table Global Tantalum Pentoxide (Ta2O5) Revenue (M USD) by Regions 2018-2023
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
North America | 62.68 | 53.61 | 46.43 | 51.39 | 53.08 | 55.96 |
Europe | 36.08 | 30.87 | 26.79 | 30.21 | 31.36 | 33.08 |
China | 86.08 | 88.25 | 76.39 | 87.20 | 94.47 | 102.72 |
Japan | 105.29 | 89.99 | 73.42 | 83.53 | 83.79 | 85.21 |
Australia | 120.27 | 166.53 | 146.01 | 158.56 | 158.41 | 163.55 |
Others | 21.22 | 18.02 | 15.78 | 17.28 | 17.53 | 17.84 |
Total | 431.62 | 447.27 | 384.83 | 428.17 | 438.64 | 458.35 |
2. North America Tantalum Pentoxide (Ta2O5) Market Analysis
The production of tantalum pentoxide (Ta2O5) in North America was 192.8 tons in 2018, and increased slightly to 198.2 tons in 2019, with a growth rate of 2.80%. In 2020, the production volume dropped to 174.6 tons, with a growth rate of -11.89%. In 2021, the production volume rebounded to 190.8 tons, with a growth rate of 9.24%. In 2022, it further increased to 203.6 tons, with a growth rate of 6.72%. In 2023, the production volume reached 216.8 tons, with a growth rate of 6.51%. Overall, after reaching its lowest point in 2020, the production of tantalum oxide in North America showed a restorative growth in the following years, showing the recovery and growth potential of the market.
Figure North America Tantalum Pentoxide (Ta2O5) Production (Tons) and Growth Rate (2018-2023)
Tantalum pentoxide (Ta2O5) production in North America increased from 192.8 tons in 2018 to 216.8 tons in 2023, prices dropped from $325/kg in 2018 to $258/kg in 2023, revenue dropped from $62.68 million in 2018 to $55.96 million in 2023, and gross profit margin fluctuated between 25.54% in 2018 and 26.63% in 2023, and remained above 25% overall, showing good profitability.
Table North America Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 192.8 | 198.2 | 174.6 | 190.8 | 203.6 | 216.8 |
Price (USD/Kg) | 325 | 270 | 266 | 269 | 261 | 258 |
Revenue (M USD) | 62.68 | 53.61 | 46.43 | 51.39 | 53.08 | 55.96 |
Gross Margin | 25.54% | 25.32% | 26.12% | 25.69% | 26.39% | 26.63% |
3. Europe Tantalum Pentoxide (Ta2O5) Market Analysis
The production of tantalum pentoxide (Ta2O5) in Europe was 112.0 tons in 2018, and increased to 115.4 tons in 2019, with a growth rate of 3.05%. In 2020, the production volume dropped to 102.0 tons, with a growth rate of -11.60%. In 2021, the production volume rebounded to 113.7 tons, with a growth rate of 11.49%. In 2022, it further increased to 122.2 tons, with a growth rate of 7.47%. In 2023, the production volume reached 130.5 tons, with a growth rate of 6.78%.
Figure Europe Tantalum Pentoxide (Ta2O5) Production (Tons) and Growth Rate (2018-2023)
The production of tantalum pentoxide (Ta2O5) in Europe increased from 112.0 tons in 2018 to 130.5 tons in 2023, the price decreased from US$322/kg in 2018 to US$253/kg in 2023, the revenue decreased from US$36.08 million in 2018 to US$33.08 million in 2023, and the gross profit margin fluctuated between 25.06% in 2018 and 26.12% in 2023, and remained above 25% overall.
Table Europe Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 112.0 | 115.4 | 102.0 | 113.7 | 122.2 | 130.5 |
Price (USD/Kg) | 322 | 268 | 263 | 266 | 257 | 253 |
Revenue (M USD) | 36.08 | 30.87 | 26.79 | 30.21 | 31.36 | 33.08 |
Gross Margin | 25.06% | 25.17% | 26.47% | 26.21% | 25.36% | 26.12% |
4. China Tantalum Pentoxide (Ta2O5) Market Analysis
The production of tantalum pentoxide (Ta2O5) in China was 294.2 tons in 2018, and increased to 363.3 tons in 2019, with a growth rate of 23.47%. In 2020, the production volume dropped to 320.3 tons, with a growth rate of -11.83%. In 2021, the production volume rebounded to 361.6 tons, with a growth rate of 12.86%. In 2022, it further increased to 405.5 tons, with a growth rate of 12.16%. In 2023, the production volume reached 446.3 tons, with a growth rate of 10.05%.
Figure China Tantalum Pentoxide (Ta2O5) Production (Tons) and Growth Rate (2018-2023)
The production of tantalum pentoxide (Ta2O5) in China increased from 294.2 tons in 2018 to 446.3 tons in 2023, the price decreased from US$293/kg in 2018 to US$230/kg in 2023, and the revenue increased from US$86.08 million in 2018 to US$102.72 million in 2023. Despite the price decrease, the revenue showed an overall growth. The gross profit margin fluctuated between 23.40% in 2018 and 22.90% in 2023, and remained above 22% overall.
Table China Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Production (Tons) | 294.2 | 363.3 | 320.3 | 361.6 | 405.5 | 446.3 |
Price (USD/Kg) | 293 | 243 | 238 | 241 | 233 | 230 |
Revenue (M USD) | 86.08 | 88.25 | 76.39 | 87.20 | 94.47 | 102.72 |
Gross Margin | 23.40% | 23.56% | 23.93% | 22.04% | 22.60% | 22.90% |
5. Japan Tantalum Pentoxide (Ta2O5) Market Analysis
The production of tantalum pentoxide (Ta2O5) in Japan was 330.3 tons in 2018, and increased to 340.0 tons in 2019, with a growth rate of 2.94%. In 2020, the production volume dropped to 282.6 tons, with a growth rate of -16.90%. In 2021, the production volume rebounded to 317.9 tons, with a growth rate of 12.49%. In 2022, it further increased to 330.1 tons, with a growth rate of 3.86%. In 2023, the production volume reached 339.8 tons, with a growth rate of 2.93%.
Figure Japan Tantalum Pentoxide (Ta2O5) Production (Tons) and Growth Rate (2018-2023)
The production of tantalum pentoxide (Ta2O5) in Japan increased from 330.3 tons in 2018 to 339.8 tons in 2023, the price decreased from US$319/kg in 2018 to US$251/kg in 2023, the revenue decreased from US$105.29 million in 2018 to US$85.21 million in 2023, and the gross profit margin fluctuated between 23.92% in 2018 and 23.91% in 2023, and remained at around 23% overall.
Table Japan Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 330.3 | 340.0 | 282.6 | 317.9 | 330.1 | 339.8 |
Price (USD/Kg) | 319 | 265 | 260 | 263 | 254 | 251 |
Revenue (M USD) | 105.29 | 89.99 | 73.42 | 83.53 | 83.79 | 85.21 |
Gross Margin | 23.92% | 23.71% | 22.99% | 23.62% | 23.95% | 23.91% |
6. Australia Tantalum Pentoxide (Ta2O5) Market Analysis
Australia’s tantalum pentoxide (Ta2O5) production volume in 2018 was 399.0 tons, which increased significantly to 656.6 tons in 2019, with a growth rate of 64.56%. Production volume dropped to 586.0 tons in 2020, with a growth rate of -10.74%. Production volume will rebound to 629.5 tons in 2021, with a growth rate of 7.41%. It will further increase to 650.4 tons in 2022, with a growth rate of 3.33%. The production volume will reach 679.2 tons in 2023, with a growth rate of 4.42%.
Figure Australia Tantalum Pentoxide (Ta2O5) Production (Tons) and Growth Rate (2018-2023)
Australia’s tantalum pentoxide (Ta2O5) production increased from 399.0 tons in 2018 to 679.2 tons in 2023, the price dropped from US$301/kg in 2018 to US$241/kg in 2023, and revenue increased from US$120.27 million in 2018 to US$163.55 million in 2023. Despite the price drop, revenue generally increased. Gross profit margin fluctuated between 24.84% in 2018 and 25.38% in 2023, and remained above 24% overall.
Table Australia Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 399.0 | 656.6 | 586.0 | 629.5 | 650.4 | 679.2 |
Price (USD/Kg) | 301 | 254 | 249 | 252 | 244 | 241 |
Revenue (M USD) | 120.27 | 166.53 | 146.01 | 158.56 | 158.41 | 163.55 |
Gross Margin | 24.84% | 24.70% | 24.79% | 25.29% | 25.54% | 25.38% |
