Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $25,215 per ton in 2022, waning by -43.3% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 377%. As a result, the export price attained the peak level of $103,399 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($61,476 per ton), while the average price for exports to Germany amounted to $24,826 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.1%).
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $73,684 per ton in 2022, falling by -15.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 80% against the previous year. As a result, import price attained the peak level of $113,635 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($572,000 per ton), while the price for Estonia ($9,000 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 (+22.4%), 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 Latvia
After two years of decline, overseas shipments of tungsten (wolfram); articles thereof, including waste and scrap increased by 12,370% to 14 tons in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap soared to $355K in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 346 | 0% |
| Russia | 25.8 | 8.0 | 3.7 | 9.0 | -29.6% |
| Others | 2.8 | 0.3 | 1.3 | 0.3 | -52.5% |
| Total | 28.5 | 8.2 | 5.0 | 355 | 131.8% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Latvia in 2022:
- Germany (13.9 tons)
- Russia (0.1 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia
In 2022, supplies from abroad of tungsten (wolfram); articles thereof, including waste and scrap was finally on the rise to reach 790 kg for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak 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 $58K in 2022. Overall, imports, however, showed a mild shrinkage.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 13.4 | 13.8 | 28.0 | 30.7 | 31.8% |
| Germany | 1.4 | 3.3 | 1.4 | 16.1 | 125.7% |
| China | 1.1 | 0.2 | 8.6 | 6.5 | 80.8% |
| Poland | 0.4 | 0.8 | 0.6 | 4.3 | 120.7% |
| United States | 10.5 | N/A | 1.5 | 0.6 | -61.5% |
| Russia | N/A | 13.5 | N/A | N/A | 0% |
| United Kingdom | 28.1 | 9.8 | 1.5 | N/A | -76.9% |
| Others | 5.4 | 1.8 | 0.9 | 0.1 | -73.5% |
| Total | 60.3 | 43.3 | 42.5 | 58.2 | -1.2% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Latvia in 2022:
- Lithuania (371.0 kg)
- Germany (183.0 kg)
- China (146.0 kg)
- Poland (86.0 kg)
- United States (1.0 kg)
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