Price for Tungsten Ores and Concentrates in Uganda - 2022
Contents:
- Price for Tungsten Ores and Concentrates in Uganda (FOB) - 2022
- Exports of Tungsten Ores and Concentrates in Uganda
Price for Tungsten Ores and Concentrates in Uganda (FOB) - 2022
The average tungsten ores and concentrates export price stood at $6,920 per ton in 2022, surging by 2.8% against the previous year. In general, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. The export price peaked at $11,924 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
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 the United States ($13,442 per ton), while the average price for exports to the UK ($1,825 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 Vietnam (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Tungsten Ores and Concentrates in Uganda
Tungsten ores and concentrates exports from Uganda fell rapidly to 49 tons in 2022, dropping by -17.3% compared with the previous year. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 47%.
In value terms, tungsten ores and concentrates exports declined to $338K in 2022. Over the period under review, exports saw a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year.
| Export of Tungsten Ores and Concentrates in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 332 | 80.1 | 141 | 98.0 | -33.4% |
| Netherlands | 412 | 69.9 | 72.0 | 83.6 | -41.2% |
| Russia | 225 | 54.1 | 94.4 | 65.5 | -33.7% |
| United States | 166 | 29.1 | 33.5 | 35.0 | -40.5% |
| China | 140 | 16.5 | 7.0 | 21.5 | -46.4% |
| United Kingdom | 58.3 | 13.3 | 21.9 | 14.4 | -37.3% |
| Vietnam | 37.2 | 8.7 | 14.7 | 9.9 | -35.7% |
| Others | 89.1 | 7.3 | 13.8 | 10.4 | -51.1% |
| Total | 1,460 | 279 | 398 | 338 | -38.6% |
Top Export Markets for Tungsten Ores and Concentrates from Uganda in 2022:
- Canada (14.4 tons)
- Russia (12.8 tons)
- United Kingdom (7.9 tons)
- Netherlands (7.1 tons)
- China (2.8 tons)
- United States (2.6 tons)
- Vietnam (1.2 tons)
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