Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (CIF) - 2024
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $31,038 per ton in 2022, with an increase of 9.5% against the previous year. Overall, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $60,511 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($177,311 per ton), while the average price for exports to the Netherlands ($15,202 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 Austria (-1.6%), while the prices for the other major destinations experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (CIF) - 2024
In April 2024, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $84,580 per ton, picking up by 44% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 74% month-to-month. Over the period under review, average import prices hit record highs at $89,708 per ton in July 2023; however, from August 2023 to April 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Austria ($189K per ton), while the price for Germany ($25,356 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap exported from India expanded sharply to 1.1K tons, picking up by 8.6% against the year before. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 258% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap soared to $36M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 191%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.5 | 2.2 | 13.2 | 15.9 | 119.7% |
United States | 1.0 | 0.8 | 5.9 | 5.3 | 74.4% |
Japan | 1.1 | 1.3 | 3.1 | 3.0 | 39.7% |
Netherlands | 0.1 | 0.2 | 0.3 | 1.4 | 141.0% |
Sweden | 0.8 | 0.7 | 0.8 | 1.4 | 20.5% |
Vietnam | 1.0 | N/A | 0.7 | 1.4 | 11.9% |
Canada | N/A | N/A | 0.1 | 0.9 | 800.0% |
Austria | 0.4 | 0.2 | 0.2 | 0.8 | 26.0% |
Others | 6.8 | 5.0 | 5.8 | 5.6 | -6.3% |
Total | 12.7 | 10.3 | 30.0 | 35.7 | 41.1% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from India in 2022:
- Germany (612.9 tons)
- United States (178.9 tons)
- Netherlands (91.9 tons)
- Vietnam (70.9 tons)
- Japan (49.3 tons)
- Sweden (36.4 tons)
- Canada (31.2 tons)
- Austria (21.1 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India
In 2022, approx. 367 tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into India; declining by -3.2% against the previous year's figure. Overall, imports continue to indicate a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 17%.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap expanded markedly to $27M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.4 | 6.4 | 10.1 | 10.5 | 7.7% |
Austria | 4.6 | 5.5 | 6.9 | 7.9 | 19.8% |
South Korea | 2.7 | 2.0 | 2.2 | 2.4 | -3.9% |
United States | 1.6 | 1.0 | 1.0 | 1.5 | -2.1% |
Israel | 0.1 | 0.1 | 0.8 | 1.0 | 115.4% |
France | 0.5 | 0.1 | 0.1 | 0.9 | 21.6% |
Germany | 0.6 | 0.5 | 0.8 | 0.9 | 14.5% |
Singapore | 0.9 | 0.8 | 1.0 | 0.7 | -8.0% |
Argentina | 0.1 | 0.5 | 0.4 | 0.4 | 58.7% |
Others | 2.1 | 1.1 | 1.3 | 0.7 | -30.7% |
Total | 21.7 | 18.1 | 24.6 | 26.9 | 7.4% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to India in 2022:
- China (194.3 tons)
- Austria (54.6 tons)
- South Korea (42.9 tons)
- Israel (21.7 tons)
- United States (20.3 tons)
- France (7.5 tons)
- Argentina (7.4 tons)
- Germany (7.3 tons)
- Singapore (3.3 tons)
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