Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $45,540 per ton in 2022, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($132,015 per ton), while the price for Sweden ($22,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $31,956 per ton, growing by 22% against the previous year. In general, the export price recorded a mild increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 121% against the previous year. As a result, the export price attained the peak level of $74,099 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($81,960 per ton), while the average price for exports to Ireland ($11,859 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 Germany (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK
In 2022, purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap, powderses was finally on the rise to reach 217 tons after two years of decline. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses surged to $9.9M in 2022. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.1 | 2.5 | 2.3 | 3.4 | 45.7% |
| Germany | 3.4 | 2.3 | 2.5 | 3.3 | -1.0% |
| China | 0.6 | 0.1 | 0.2 | 1.0 | 18.6% |
| Austria | 0.8 | 0.1 | 0.3 | 0.8 | 0.0% |
| United States | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
| Czech Republic | N/A | N/A | 0.1 | 0.4 | 300.0% |
| France | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.4 | 0.1 | N/A | 0.2 | -20.6% |
| Total | 6.4 | 5.4 | 5.6 | 9.9 | 15.7% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to the UK in 2022:
- South Korea (74.4 tons)
- Germany (71.3 tons)
- Austria (24.5 tons)
- China (21.6 tons)
- Czech Republic (9.8 tons)
- France (8.6 tons)
- United States (3.8 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK
Exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses from the UK dropped dramatically to 22 tons in 2022, reducing by -28.2% compared with the previous year's figure. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 59% against the previous year.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses shrank to $713K in 2022. Overall, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 111 | 19.3 | 79.3 | 264 | 33.5% |
| France | 1.9 | 0.5 | 107 | 94.6 | 267.9% |
| Romania | N/A | 5.2 | 40.9 | 62.0 | 245.3% |
| United States | 534 | 278 | 91.8 | 54.2 | -53.4% |
| Ireland | N/A | N/A | 16.1 | 24.2 | 50.3% |
| Hong Kong SAR | 8.6 | 6.2 | N/A | 23.2 | 39.2% |
| Singapore | 2.3 | 2.9 | 11.5 | 18.2 | 99.3% |
| Netherlands | 7.6 | 13.4 | 44.0 | 9.2 | 6.6% |
| Germany | 135 | 10.4 | 15.3 | 8.1 | -60.9% |
| China | 420 | 31.2 | 17.5 | 2.8 | -81.2% |
| Italy | 106 | 74.3 | 141 | 1.8 | -74.3% |
| India | 118 | 1.9 | 24.7 | N/A | -54.2% |
| Ghana | N/A | N/A | 85.3 | N/A | 0% |
| Others | 290 | 148 | 142 | 151 | -19.5% |
| Total | 1,734 | 591 | 815 | 713 | -25.6% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from the UK in 2022:
- Sweden (10.7 tons)
- France (3.4 tons)
- Ireland (2.0 tons)
- United States (1.6 tons)
- Romania (1.0 tons)
- Hong Kong SAR (0.8 tons)
- Singapore (0.5 tons)
- Netherlands (0.4 tons)
- China (0.2 tons)
- Italy (0.1 tons)
- Germany (0.1 tons)
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