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

Contents:

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

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

The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $50,835 per ton in 2022, surging by 19% against the previous year. In general, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 47%. Over the period under review, average import prices hit record highs at $67,289 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($86,591 per ton), while the price for Ireland ($16,629 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+49.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $36,725 per ton in 2022, rising by 3.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 57% against the previous year. The export price peaked at $39,254 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 France ($117,305 per ton), while the average price for exports to Ireland ($16,387 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+33.5%), 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 Italy

In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap into Italy reduced to 514 tons, with a decrease of -13% compared with the year before. In general, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2021 when imports increased by 211% against the previous year. As a result, imports reached the peak of 591 tons, and then shrank in the following year.

In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap rose modestly to $26M in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 116% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria0.70.66.37.5120.5%
Germany8.12.87.57.0-4.7%
China2.53.14.44.017.0%
Ireland0.4N/A1.02.276.5%
France1.71.01.31.5-4.1%
Netherlands2.21.10.50.8-28.6%
Czech Republic0.70.70.80.5-10.6%
Others4.32.43.42.6-15.4%
Total20.511.625.226.18.4%

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

  1. Germany (138.7 tons)
  2. Ireland (135.2 tons)
  3. Austria (106.9 tons)
  4. China (46.6 tons)
  5. Netherlands (32.2 tons)
  6. France (19.0 tons)
  7. Czech Republic (5.7 tons)

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

Exports of tungsten (wolfram); articles thereof, including waste and scrap from Italy expanded significantly to 590 tons in 2022, growing by 8.8% against 2021 figures. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 103% against the previous year.

In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap stood at $22M in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 156%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria5.21.07.89.622.7%
Germany4.82.96.38.320.0%
IrelandN/AN/AN/A0.20%
United Kingdom0.40.30.10.1-37.0%
Others3.53.25.13.50.0%
Total13.97.519.321.716.0%

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

  1. Germany (358.2 tons)
  2. Austria (184.9 tons)
  3. Ireland (10.4 tons)
  4. United Kingdom (2.7 tons)

Source: IndexBox Market Intelligence Platform

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