Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (CIF) - 2024
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (FOB) - 2024
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (CIF) - 2024
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $34,927 per ton in March 2024, declining by -27.8% against the previous month. In general, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 93% against the previous month. As a result, import price reached the peak level of $53,100 per ton. From January 2024 to March 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($71,865 per ton), while the price for Chile ($3,677 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (FOB) - 2024
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $29,970 per ton in March 2024, falling by -15.9% against the previous month. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 41% against the previous month. The export price peaked at $47,031 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($102K per ton), while the average price for exports to Germany ($24,787 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+9.6%), while the prices for the other major destinations experienced a decline.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada
In 2022, approx. 1.1K tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into Canada; rising by 37% against the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap skyrocketed to $46M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 112% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.7 | 9.2 | 23.0 | 35.1 | 53.5% |
| China | 5.5 | 4.4 | 9.4 | 6.1 | 3.5% |
| Israel | 0.8 | 0.7 | 1.1 | 1.1 | 11.2% |
| India | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Peru | 0.5 | 0.7 | N/A | 0.7 | 11.9% |
| South Korea | 0.9 | 0.7 | 0.1 | 0.7 | -8.0% |
| Others | 1.7 | 0.9 | 1.5 | 1.2 | -11.0% |
| Total | 19.0 | 16.6 | 35.3 | 45.6 | 33.9% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Canada in 2022:
- United States (913.3 tons)
- China (124.4 tons)
- Peru (29.5 tons)
- India (26.9 tons)
- Israel (16.5 tons)
- South Korea (12.3 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada
In 2022, approx. 934 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Canada; with an increase of 39% against the previous year's figure. Over the period under review, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $38M in 2022. In general, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.9 | 12.9 | 14.7 | 30.3 | 17.0% |
| Germany | 4.4 | 3.1 | 3.1 | 3.8 | -4.8% |
| Australia | 0.5 | 0.4 | 1.0 | 1.2 | 33.9% |
| Finland | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Malaysia | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Others | 0.7 | 0.8 | 1.9 | 1.2 | 19.7% |
| Total | 24.6 | 17.2 | 21.2 | 38.1 | 15.7% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Canada in 2022:
- United States (717.7 tons)
- Germany (112.8 tons)
- Finland (36.2 tons)
- Australia (32.2 tons)
- Malaysia (16.4 tons)
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