Price for Tungsten Ores and Concentrates in Tanzania - 2022

Contents:

1. Price for Tungsten Ores and Concentrates in Tanzania (FOB) - 2022
2. Exports of Tungsten Ores and Concentrates in Tanzania

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

The average tungsten ores and concentrates export price stood at $9,709 per ton in 2022, falling by -17.8% against the previous year. Overall, the export price, however, recorded temperate growth. The pace of growth was the most pronounced in 2014 an increase of 58%. The export price peaked at $26,943 per ton in 2017; however, from 2018 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 Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +9.6% per year.

Exports of Tungsten Ores and Concentrates in Tanzania

In 2022, shipments abroad of tungsten ores and concentrateses decreased by -95.9% to 980 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 133 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, tungsten ores and concentrates exports contracted markedly to $9.5K in 2022. In general, exports showed a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Rwanda (980.0 kg)

Source: IndexBox Market Intelligence Platform