Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $70,037 per ton in 2022, picking up by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($262,564 per ton), while the price for China ($43,490 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 (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $5,036 per ton in 2022, surging by 25% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 492%. The export price peaked at $24,927 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($70,646 per ton), while the average price for exports to Malaysia ($1,587 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 the United States (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia
In 2022, approx. 137 tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into Australia; growing by 64% against the previous year's figure. Overall, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $9.6M in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.8 | 1.3 | 0.7 | 3.2 | -5.6% |
| United States | 0.9 | 0.2 | 1.4 | 1.9 | 28.3% |
| China | 0.7 | 0.9 | 1.1 | 1.7 | 34.4% |
| Canada | 0.5 | 0.6 | 0.6 | 1.3 | 37.5% |
| Hong Kong SAR | 0.8 | 0.2 | 0.8 | 1.2 | 14.5% |
| Germany | 0.2 | 0.2 | 0.7 | 0.1 | -20.6% |
| Others | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Total | 7.1 | 3.7 | 5.7 | 9.6 | 10.6% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Australia in 2022:
- United Kingdom (41.2 tons)
- China (39.8 tons)
- Hong Kong SAR (28.0 tons)
- Canada (18.5 tons)
- United States (7.2 tons)
- Germany (1.0 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia
In 2022, approx. 235 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Australia; with a decrease of -34% compared with 2021 figures. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,010%. As a result, the exports attained the peak of 355 tons, and then contracted markedly in the following year.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap fell rapidly to $1.2M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 778%. As a result, the exports attained the peak of $1.4M, and then shrank dramatically in the following year.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 435 | 57.2 | 52.4 | 386 | -3.9% |
| Japan | 18.9 | 3.9 | 2.5 | 321 | 157.0% |
| Malaysia | 34.7 | N/A | 391 | 196 | 78.1% |
| India | N/A | N/A | 18.1 | 96.9 | 435.4% |
| Singapore | N/A | 6.0 | 159 | 57.3 | 209.0% |
| South Africa | 62.3 | 15.3 | 40.9 | 15.9 | -36.6% |
| Germany | N/A | N/A | 530 | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 27.1 | N/A | 0% |
| Others | 96.4 | 80.5 | 208 | 109 | 4.2% |
| Total | 647 | 163 | 1,429 | 1,182 | 22.2% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Australia in 2022:
- Malaysia (123.6 tons)
- India (52.1 tons)
- Japan (45.1 tons)
- United States (5.5 tons)
- Singapore (3.5 tons)
- South Africa (1.4 tons)
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