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

Contents:

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

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

The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $63,002 per ton in 2022, which is down by -37.9% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 82%. The import price peaked at $275,616 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($533,261 per ton), while the price for Slovakia ($15,056 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $121,010 per ton in 2022, declining by -46.5% against the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 297% against the previous year. As a result, the export price attained the peak level of $226,286 per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($833,920 per ton), while the average price for exports to Austria ($11,112 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 United States (+11.1%), 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 Hungary

Imports of tungsten (wolfram); articles thereof, including waste and scrap into Hungary soared to 69 tons in 2022, growing by 30% against 2021. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap fell dramatically to $4.4M in 2022. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 0.9% against the previous year.

Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.42.23.33.7-5.6%
China2.62.31.80.5-42.3%
FranceN/AN/AN/A0.10%
Switzerland0.30.30.1N/A-42.3%
United Kingdom0.10.1N/AN/A0.0%
Others0.40.50.30.2-20.6%
Total7.75.45.44.4-17.0%

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

  1. Germany (61.8 tons)
  2. China (4.9 tons)
  3. France (1.1 tons)
  4. United Kingdom (0.1 tons)

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

In 2022, approx. 24 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Hungary; picking up by 236% compared with the previous year. Overall, exports, however, saw a deep reduction.

In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap soared to $2.9M in 2022. In general, exports continue to indicate significant growth. 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 Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4741,1461,3772,26268.4%
Germany4951,033N/A381-8.4%
France0.2N/A9.2103701.6%
Austria2977.1N/A1.5-82.8%
Slovakia59.3N/A67.8N/A6.9%
India35.519.09.5N/A-48.3%
Others164252150153-2.3%
Total1,5252,4571,6142,90123.9%

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

  1. Germany (18.0 tons)
  2. United States (2.7 tons)
  3. France (2.7 tons)
  4. Austria (0.1 tons)

Source: IndexBox Market Intelligence Platform

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