Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $2,344 per ton, dropping by -2.7% against the previous year. In general, the export price faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.1% against the previous year. Over the period under review, the average export prices hit record highs at $13,400 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to -0.7% per year.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $12,613 per ton in 2022, falling by -25.4% against the previous year. In general, the import price, however, showed significant growth. The growth pace was the most rapid in 2016 an increase of 251% against the previous year. The import price peaked at $25,396 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Sweden ($75,516 per ton), while the price for China ($4,577 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya
For the fourth year in a row, Kenya recorded growth in overseas shipments of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 43% to 38 tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 179% 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 surged to $88K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 196%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 20.7 | 21.2 | 25.6 | 88.0 | 62.0% |
Austria | N/A | N/A | 37.6 | N/A | 0% |
Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
Total | 20.7 | 21.3 | 63.2 | 88.0 | 62.0% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Kenya in 2022:
- United Kingdom (37.6 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya
In 2022, approx. 5.3 tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into Kenya; growing by 365% against 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 946% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap surged to $67K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,097%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 1.8 | 45.5 | 0.3 | 61.1 | 223.8% |
Sweden | 1.2 | 2.4 | 7.3 | 2.3 | 24.2% |
China | 1.0 | 2.2 | 1.0 | 2.2 | 30.1% |
United States | N/A | N/A | 6.6 | 0.7 | -89.4% |
Italy | N/A | N/A | 3.9 | N/A | 0% |
Others | 0.2 | 0.6 | 0.1 | 0.2 | 0.0% |
Total | 4.2 | 50.7 | 19.2 | 66.5 | 151.1% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Kenya in 2022:
- United Kingdom (4.7 tons)
- China (0.5 tons)
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