Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (FOB) - 2024
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (FOB) - 2024
In May 2024, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $50,595 per ton, waning by -2.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 16% m-o-m. The export price peaked at $61,890 per ton in February 2024; however, from March 2024 to May 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($76,841 per ton), while the average price for exports to Vietnam ($34,289 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $366,328 per ton in 2022, growing by 21% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($996,705 per ton), while the price for Canada ($117,259 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.7%), 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 China
In 2022, approx. 5.8K tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from China; rising by 13% against 2021. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $297M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 58.9 | 40.3 | 76.0 | 86.8 | 13.8% |
United States | 68.3 | 40.3 | 33.3 | 61.2 | -3.6% |
South Korea | 23.3 | 28.2 | 44.2 | 44.2 | 23.8% |
Germany | 7.0 | 7.4 | 8.9 | 10.6 | 14.8% |
Taiwan (Chinese) | 6.0 | 10.4 | 8.8 | 9.5 | 16.6% |
Netherlands | 6.6 | 3.7 | 6.5 | 9.0 | 10.9% |
United Kingdom | 7.2 | 5.0 | 5.9 | 8.8 | 6.9% |
Israel | 1.4 | 2.3 | 2.9 | 8.7 | 83.9% |
Canada | 2.4 | 2.0 | 6.4 | 5.7 | 33.4% |
India | 5.2 | 4.4 | 5.5 | 5.4 | 1.3% |
Hong Kong SAR | 15.1 | 1.0 | 2.7 | 4.3 | -34.2% |
Others | 34.4 | 31.9 | 36.8 | 42.4 | 7.2% |
Total | 236 | 177 | 238 | 297 | 8.0% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from China in 2022:
- Japan (1861.6 tons)
- United States (1275.2 tons)
- South Korea (1025.2 tons)
- Netherlands (195.6 tons)
- United Kingdom (177.6 tons)
- Germany (155.6 tons)
- Israel (154.8 tons)
- Taiwan (Chinese) (121.2 tons)
- Canada (110.7 tons)
- India (88.8 tons)
- Hong Kong SAR (52.4 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China
For the third consecutive year, China recorded decline in supplies from abroad of tungsten (wolfram); articles thereof, including waste and scrap, which decreased by -17.2% to 118 tons in 2022. In general, imports continue to indicate a deep slump. The smallest decline of -15.2% was in 2020.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap stood at $43M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 5.8% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 15.6 | 15.3 | 17.1 | 20.0 | 8.6% |
South Korea | 3.5 | 4.8 | 6.7 | 5.5 | 16.3% |
United States | 5.3 | 4.5 | 6.5 | 4.9 | -2.6% |
Taiwan (Chinese) | 3.1 | 5.9 | 3.2 | 4.3 | 11.5% |
Germany | 8.0 | 4.4 | 2.8 | 2.2 | -35.0% |
Canada | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
Austria | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
Others | 2.8 | 5.3 | 6.2 | 5.1 | 22.1% |
Total | 39.0 | 40.8 | 43.2 | 43.4 | 3.6% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to China in 2022:
- Japan (20.0 tons)
- United States (16.4 tons)
- Taiwan (Chinese) (15.2 tons)
- South Korea (13.9 tons)
- Germany (8.2 tons)
- Canada (6.4 tons)
- Austria (3.0 tons)
This report provides an in-depth analysis of the tungsten market in China.
This report provides an in-depth analysis of the berry market in China.
This report provides an in-depth analysis of the concrete tile market in China.
This report provides an in-depth analysis of the strawberry market in China.
This report provides an in-depth analysis of the metal pickling preparations market in China.
This report provides an in-depth analysis of the embroidery market in China.
This report provides an in-depth analysis of the market for building blocks and bricks of cement, concrete or artificial stone in China.
This report provides an in-depth analysis of the market for tiles, flagstones and similar articles of cement, concrete or artificial stone in China.
This report provides an in-depth analysis of the global tungsten market.
This report provides an in-depth analysis of the global tungsten market.
In March 2023, the tungsten price stood at $40,020 per ton (FOB, China), approximately mirroring the previous month.
In terms of value, exports of Concrete Tile decreased slightly to $89M in June 2023.
China’s strawberry market attained a figure of X tons, X tons (or +X%) more than in 2015. Nevertheless, in value terms, in 2016, the Chinese market showed growth due to a record price jump, which resulted in market growth to $X in 2016. Th
Embroidery exports peaked at 6.1K tons in 2017 but saw a slight decrease from 2018 to 2023. In terms of value, exports decreased modestly to $68M in 2023.
In August 2022, the embroidery price per ton amounted to $17.7K (FOB, China), rising by 12% against the previous month.
Global Tungsten Market: In 2017, the volume of the global tungsten concentrates consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered in the following year and then retained steady upward
In value terms, tungsten imports amounted to $X in 2016. Overall, tungsten imports continue to indicate a slight slump. Over the period under review, global tungsten imports attained its maximum le...
In value terms, tungsten ores and concentrates imports totaled $X in 2016. Overall, tungsten ores and concentrates imports continue to indicate a noticeable contraction. Global tungsten ores and co...
In value terms, tungsten exports stood at $X in 2016. In general, tungsten exports continue to indicate a measured deduction. Global tungsten export peaked of $X in 2011; however, from 2012 to X>
In value terms, tungsten ores and concentrates exports amounted to $X in 2016. Overall, tungsten ores and concentrates exports continue to indicate a slight shrinkage. Over the period under review,...