Price for Tungsten (Wolfram); Waste and Scrap in the United States - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in the United States (CIF) - 2023
- Price for Tungsten (Wolfram); Waste and Scrap in the United States (FOB) - 2023
- Imports of Tungsten (Wolfram); Waste and Scrap in the United States
- Exports of Tungsten (Wolfram); Waste and Scrap in the United States
Price for Tungsten (Wolfram); Waste and Scrap in the United States (CIF) - 2023
In August 2023, the average import price for tungsten (wolfram); waste and scraps amounted to $20,620 per ton, falling by -4.1% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 29% against the previous month. As a result, import price attained the peak level of $23,014 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($34,149 per ton), while the price for the Czech Republic ($8,821 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Waste and Scrap in the United States (FOB) - 2023
The average export price for tungsten (wolfram); waste and scraps stood at $5,082 per ton in August 2023, declining by -37.1% against the previous month. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in December 2022 an increase of 86% against the previous month. Over the period under review, the average export prices hit record highs at $13,967 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the countries with the highest prices were India ($5,918 per ton) and Belgium ($5,918 per ton), while the average price for exports to Pakistan ($4,166 per ton) and Canada ($5,918 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Waste and Scrap in the United States
In 2022, approx. 4.7K tons of tungsten (wolfram); waste and scraps were imported into the United States; growing by 23% against the previous year's figure. In general, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, tungsten (wolfram); waste and scrap imports surged to $90M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.6 | 11.1 | 18.6 | 30.8 | 31.3% |
| China | 11.5 | 8.2 | 4.7 | 15.5 | 10.5% |
| Mexico | 7.8 | 4.6 | 10.1 | 11.3 | 13.2% |
| Poland | 7.9 | 5.2 | 5.3 | 6.9 | -4.4% |
| Luxembourg | 2.0 | 3.6 | 3.7 | 5.7 | 41.8% |
| Canada | 4.9 | 2.2 | 2.5 | 4.5 | -2.8% |
| United Kingdom | 3.8 | 1.3 | 1.8 | 2.9 | -8.6% |
| Czech Republic | 1.3 | 0.5 | 1.1 | 1.8 | 11.5% |
| Austria | 2.7 | 0.6 | 2.4 | 1.8 | -12.6% |
| Japan | 0.9 | 1.1 | 2.4 | 1.6 | 21.1% |
| France | 1.9 | 1.1 | N/A | N/A | -42.1% |
| Others | 7.3 | 4.8 | 9.4 | 7.4 | 0.5% |
| Total | 65.3 | 44.3 | 62.0 | 90.1 | 11.3% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to the United States in 2022:
- Germany (1728.7 tons)
- Mexico (618.2 tons)
- Poland (473.1 tons)
- China (410.4 tons)
- Luxembourg (348.9 tons)
- Canada (211.7 tons)
- Japan (192.0 tons)
- Czech Republic (171.7 tons)
- United Kingdom (104.2 tons)
- Austria (99.1 tons)
Exports of Tungsten (Wolfram); Waste and Scrap in the United States
For the fourth year in a row, the United States recorded growth in overseas shipments of tungsten (wolfram); waste and scraps, which increased by 94% to 2.7K tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); waste and scrap exports skyrocketed to $18M in 2022. The total export value increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.1 | 0.6 | 2.0 | 6.7 | 82.6% |
| Germany | 2.5 | 4.1 | 5.1 | 3.5 | 11.9% |
| United Kingdom | 1.8 | 2.1 | 1.8 | 2.1 | 5.3% |
| Pakistan | 1.1 | 1.2 | 1.0 | 1.1 | 0.0% |
| Canada | 1.9 | 0.9 | 1.2 | 0.9 | -22.0% |
| Netherlands | 0.2 | N/A | 0.4 | 0.7 | 51.8% |
| Belgium | N/A | 0.3 | 0.5 | 0.7 | 52.8% |
| Finland | 2.1 | 2.5 | 0.4 | 0.5 | -38.0% |
| Japan | 0.8 | 0.4 | 0.3 | 0.5 | -14.5% |
| China | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.6 | 1.5 | 1.0 | 0.6 | 0.0% |
| Total | 12.2 | 13.6 | 13.9 | 17.6 | 13.0% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from the United States in 2022:
- Malaysia (1443.6 tons)
- Germany (345.4 tons)
- United Kingdom (300.2 tons)
- Pakistan (192.5 tons)
- Belgium (121.7 tons)
- Canada (113.7 tons)
- China (58.2 tons)
- Netherlands (44.8 tons)
- Japan (44.6 tons)
- Finland (19.0 tons)
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