Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $13,545 per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $13,672 per ton in 2021, and then declined slightly in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($18,500 per ton), while the average price for exports to India ($13,413 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 Pakistan (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $46,554 per ton in 2022, falling by -3.1% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tungsten (wolfram); articles thereof, including waste and scrap decreased by -39.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. As a result, import price attained the peak level of $77,352 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($186,222 per ton), while the price for Germany ($4,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+59.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain
In 2022, shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -28.2% to 185 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 110%.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap declined sharply to $2.5M in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 141% against the previous year.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.0 | 2.4 | 2.8 | 2.1 | 28.1% |
China | 0.1 | 0.2 | 0.7 | 0.4 | 58.7% |
Others | N/A | 0.2 | N/A | N/A | 0% |
Total | 1.2 | 2.9 | 3.5 | 2.5 | 27.7% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Bahrain in 2022:
- India (154.0 tons)
- China (30.1 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap imported into Bahrain surged to 563 kg, jumping by 30% compared with the previous year's figure. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $26K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Bahrain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 8.1 | 9.7 | 15.5 | 20.8 | 36.9% |
China | 1.5 | 2.2 | 0.5 | 1.7 | 4.3% |
Saudi Arabia | 0.8 | 0.4 | 0.3 | 0.3 | -27.9% |
Others | 9.5 | 3.0 | 4.4 | 3.4 | -29.0% |
Total | 19.9 | 15.3 | 20.7 | 26.2 | 9.6% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Bahrain in 2022:
- Japan (522.0 kg)
- Saudi Arabia (10.0 kg)
- China (9.0 kg)
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