Price for Tungsten Ores and Concentrates in Ghana - 2022

Price for Tungsten Ores and Concentrates in Ghana (CIF) - 2022

In 2022, the average tungsten ores and concentrates import price amounted to $128,167 per ton, which is down by -7.5% against the previous year. In general, the import price, however, recorded a notable increase. The pace of growth was the most pronounced in 2013 an increase of 94%. As a result, import price attained the peak level of $194,000 per ton. From 2014 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 South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +2.5% per year.

Imports of Tungsten Ores and Concentrates in Ghana

In 2022, after two years of decline, there was growth in purchases abroad of tungsten ores and concentrateses, when their volume increased by 4.3% to 24 kg. Overall, imports, however, showed a abrupt contraction.

In value terms, tungsten ores and concentrates imports declined to $3.1K in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 7.5%.