Tungsten (Wolfram); Wire Price in the UK - 2023
Contents:
- Tungsten (Wolfram); Wire Price in the UK (CIF) - 2022
- Tungsten (Wolfram); Wire Price in the UK (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in the UK
- Tungsten (Wolfram); Wire Exports in the UK
Tungsten (Wolfram); Wire Price in the UK (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $348,574 per ton, growing by 132% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($655,085 per ton), while the price for Germany ($68,768 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Tungsten (Wolfram); Wire Price in the UK (FOB) - 2022
The average tungsten (wolfram); wire export price stood at $244,804 per ton in 2022, increasing by 49% against the previous year. Over the period under review, the export price recorded a strong expansion. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($908,123 per ton), while the average price for exports to Qatar ($19,452 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 Russia (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in the UK
In 2022, tungsten (wolfram); wire imports into the UK reduced notably to 5.6 tons, dropping by -54.5% against the previous year. Overall, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports attained the peak of 12 tons, and then dropped remarkably in the following year.
In value terms, tungsten (wolfram); wire imports rose markedly to $2M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 93.0 | 390 | 759 | 1,008 | 121.3% |
| China | 862 | 608 | 622 | 619 | -10.5% |
| Sweden | N/A | N/A | 14.2 | 114 | 702.8% |
| India | 13.6 | 11.2 | 25.8 | 49.4 | 53.7% |
| Austria | 53.3 | 45.3 | 66.6 | 46.1 | -4.7% |
| Germany | 234 | 156 | 165 | 24.8 | -52.7% |
| Hong Kong SAR | 34.0 | 18.5 | N/A | N/A | -45.6% |
| Hungary | N/A | 32.4 | 20.3 | N/A | -37.3% |
| Netherlands | 248 | 139 | 94.0 | N/A | -38.4% |
| Others | 54.7 | 3.6 | 82.8 | 91.5 | 18.7% |
| Total | 1,592 | 1,404 | 1,850 | 1,953 | 7.0% |
Top Suppliers of Tungsten (Wolfram); Wire to the UK in 2022:
- China (2837.0 kg)
- United States (1539.0 kg)
- Germany (360.0 kg)
- Austria (335.0 kg)
- India (229.0 kg)
- Sweden (192.0 kg)
Tungsten (Wolfram); Wire Exports in the UK
In 2022, shipments abroad of tungsten (wolfram); wires decreased by -32.7% to 5.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 75%. As a result, the exports reached the peak of 20 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, tungsten (wolfram); wire exports totaled $1.4M in 2022. In general, exports showed a pronounced decline. The pace of growth was the most pronounced in 2020 when exports increased by 13%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Tungsten (Wolfram); Wire in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 576 | 385 | 445 | 547 | -1.7% |
| China | 4.2 | 14.1 | 80.6 | 201 | 263.1% |
| Germany | 54.8 | 99.5 | 398 | 158 | 42.3% |
| Poland | 4.2 | 14.9 | 196 | 114 | 200.5% |
| United States | 129 | 132 | 61.0 | 113 | -4.3% |
| Turkey | 102 | 38.3 | 93.4 | 70.9 | -11.4% |
| Malaysia | 5.0 | 5.7 | 35.8 | 43.6 | 105.8% |
| Saudi Arabia | N/A | N/A | 3.0 | 20.4 | 580.0% |
| Australia | 25.3 | N/A | 12.0 | 12.3 | -21.4% |
| Algeria | 220 | 934 | 7.9 | 9.5 | -64.9% |
| Qatar | N/A | N/A | N/A | 3.7 | 0% |
| Others | 482 | 181 | 103 | 144 | -33.1% |
| Total | 1,603 | 1,805 | 1,436 | 1,437 | -3.6% |
Top Export Markets for Tungsten (Wolfram); Wire from the UK in 2022:
- South Africa (2183.0 kg)
- Germany (617.0 kg)
- United States (541.0 kg)
- Poland (537.0 kg)
- Turkey (361.0 kg)
- Saudi Arabia (278.0 kg)
- China (222.0 kg)
- Algeria (200.0 kg)
- Qatar (192.0 kg)
- Malaysia (185.0 kg)
- Australia (146.0 kg)
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