Price for Tungsten Ores and Concentrates in Kazakhstan - 2022

Contents:

1. Price for Tungsten Ores and Concentrates in Kazakhstan (CIF) - 2022
2. Price for Tungsten Ores and Concentrates in Kazakhstan (FOB) - 2022
3. Imports of Tungsten Ores and Concentrates in Kazakhstan
4. Exports of Tungsten Ores and Concentrates in Kazakhstan

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

In 2022, the average tungsten ores and concentrates import price amounted to $34,084 per ton, with a decrease of -3.2% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 66%. The import price peaked at $36,344 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +12.9% per year.

Price for Tungsten Ores and Concentrates in Kazakhstan (FOB) - 2022

The average tungsten ores and concentrates export price stood at $400 per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $1,565 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to +3.8% per year.

Imports of Tungsten Ores and Concentrates in Kazakhstan

Tungsten ores and concentrates imports into Kazakhstan reduced rapidly to 226 kg in 2022, declining by -35.8% compared with the previous year's figure. In general, imports faced a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 249%.

In value terms, tungsten ores and concentrates imports dropped notably to $7.7K in 2022. Over the period under review, imports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 312%.

Top Suppliers of Tungsten Ores and Concentrates to Kazakhstan in 2022:

1. Russia (226.0 kg)

Exports of Tungsten Ores and Concentrates in Kazakhstan

In 2022, after three years of growth, there was significant decline in shipments abroad of tungsten ores and concentrateses, when their volume decreased by -10.6% to 4.9 tons. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 5.5 tons, and then dropped in the following year.

In value terms, tungsten ores and concentrates exports dropped to $2K in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $2.1K, and then contracted in the following year.

Top Export Markets for Tungsten Ores and Concentrates from Kazakhstan in 2022:

1. China (4.9 tons)

Source: IndexBox Market Intelligence Platform