Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France - 2024

Contents:

  1. Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (CIF) - 2022
  2. Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (FOB) - 2024
  3. Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France
  4. Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France

Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (CIF) - 2022

In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $47,568 per ton, with an increase of 29% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 46%. Over the period under review, average import prices reached the maximum at $61,350 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($95,806 per ton), while the price for Germany ($38,419 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (FOB) - 2024

In March 2024, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $40,297 per ton, reducing by -30.3% against the previous month. Overall, the export price, however, saw slight growth. The pace of growth was the most pronounced in October 2023 when the average export price increased by 61% month-to-month. Over the period under review, the average export prices attained the peak figure at $57,854 per ton in February 2024, and then shrank remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($50,142 per ton), while the average price for exports to the UK totaled $27,495 per ton.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+25.2%), 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 France

In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap into France dropped to 931 tons, waning by -8.5% on the previous year. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of 1K tons, and then contracted in the following year.

In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap skyrocketed to $44M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany16.616.419.419.86.1%
Czech Republic3.74.05.36.822.5%
Austria6.63.93.35.3-7.1%
China2.78.02.94.619.4%
United States1.31.21.22.219.2%
United Kingdom1.50.81.81.98.2%
Switzerland0.51.30.81.440.9%
Others3.32.42.92.3-11.3%
Total36.138.137.644.37.1%

Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to France in 2022:

  1. Germany (514.8 tons)
  2. Czech Republic (138.8 tons)
  3. Austria (101.3 tons)
  4. China (65.5 tons)
  5. United Kingdom (34.9 tons)
  6. United States (23.1 tons)
  7. Switzerland (15.0 tons)

Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France

For the third consecutive year, France recorded decline in shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap, which decreased by -25.9% to 436 tons in 2022. Over the period under review, exports showed a abrupt curtailment. The smallest decline of -7.1% was in 2021.

In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap declined markedly to $12M in 2022. Overall, exports recorded a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 15%.

Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.53.64.85.113.4%
Switzerland4.72.73.61.8-27.4%
United Kingdom2.31.40.71.1-21.8%
SloveniaN/AN/A0.90.90.0%
Italy2.41.82.10.8-30.7%
Austria0.60.90.40.75.3%
Sweden0.60.51.00.60.0%
United States1.92.02.20.3-46.0%
Norway8.34.33.2N/A-37.9%
Belgium0.92.410.3N/A238.3%
India4.16.90.4N/A-68.8%
Mexico1.81.32.1N/A8.0%
Others6.02.73.71.0-45.0%
Total37.030.635.312.4-30.5%

Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from France in 2022:

  1. Germany (256.3 tons)
  2. United Kingdom (47.6 tons)
  3. Switzerland (35.8 tons)
  4. Slovenia (27.7 tons)
  5. Sweden (21.4 tons)
  6. Austria (11.6 tons)
  7. Italy (10.6 tons)
  8. United States (6.0 tons)
  9. Belgium (0.6 tons)
  10. India (0.1 tons)

Source: IndexBox Market Intelligence Platform

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