Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $28,743 per ton in 2022, increasing by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The import price peaked at $33,254 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($30,824 per ton) and Germany ($28,716 per ton), while the price for the UK ($26,985 per ton) and the United States ($27,906 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $34,233 per ton, with a decrease of -9.5% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The growth pace was the most rapid in 2021 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices reached the maximum at $43,113 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($63,234 per ton), while the average price for exports to the United States ($25,212 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 Czech Republic (+91.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland
In 2022, approx. 2.1K tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into Finland; approximately equating the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $61M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.6 | 7.5 | 20.1 | 32.7 | 34.0% |
| United States | 6.9 | 6.5 | 17.5 | 17.3 | 35.9% |
| Czech Republic | 3.2 | 3.8 | 5.6 | 5.7 | 21.2% |
| United Kingdom | 4.4 | 2.7 | 4.1 | 3.7 | -5.6% |
| Ireland | 1.2 | 1.1 | N/A | N/A | -8.3% |
| Others | 3.7 | 2.9 | 2.3 | 1.6 | -24.4% |
| Total | 33.0 | 24.6 | 49.5 | 61.0 | 22.7% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Finland in 2022:
- Germany (1137.5 tons)
- United States (621.5 tons)
- Czech Republic (184.2 tons)
- United Kingdom (137.4 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland
In 2022, after two years of decline, there was significant growth in overseas shipments of tungsten (wolfram); articles thereof, including waste and scrap, when their volume increased by 40% to 108 tons. Over the period under review, exports, however, showed a perceptible slump.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $3.7M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +55.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 1.8 | 2.5 | 2.8 | 110.5% |
| United States | 2.1 | 0.3 | 0.4 | 0.5 | -38.0% |
| Czech Republic | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 2.4 | 2.4 | 2.9 | 3.7 | 15.5% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Finland in 2022:
- Germany (84.0 tons)
- United States (18.0 tons)
- Czech Republic (3.3 tons)
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