Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $3,551 per ton in 2022, falling by -6% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 12% against the previous year. The import price peaked at $12,242 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,872 per ton), while the price for New Zealand ($598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $5,035 per ton in 2022, falling by -48% against the previous year. In general, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs at $9,676 per ton in 2021, and then shrank markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($20,786 per ton), while the average price for exports to Pakistan ($1,707 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 Thailand (+11.2%), 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 Malaysia
In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap into Malaysia surged to 8.4K tons, with an increase of 166% against the previous year's figure. In general, imports saw a resilient increase. As a result, imports reached 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 skyrocketed to $30M in 2022. Overall, imports, however, recorded a deep slump.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 8.7 | 5.6 | 3.0 | 9.6 | 3.3% |
Singapore | 0.7 | 0.3 | 0.3 | 7.0 | 115.4% |
United States | 7.8 | 4.9 | 0.4 | 4.5 | -16.8% |
China | 9.6 | 6.8 | 3.0 | 1.8 | -42.8% |
Hong Kong SAR | 1.7 | 7.1 | 0.6 | 1.1 | -13.5% |
Brunei Darussalam | 1.4 | 1.3 | 1.2 | 1.0 | -10.6% |
United Kingdom | 0.4 | 0.3 | 0.1 | 1.0 | 35.7% |
Papua New Guinea | 0.2 | 0.2 | 0.2 | 0.5 | 35.7% |
Jamaica | N/A | N/A | N/A | 0.2 | 0% |
Australia | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
New Zealand | N/A | N/A | N/A | 0.1 | 0% |
Others | 4.9 | 7.1 | 3.2 | 2.8 | -17.0% |
Total | 35.6 | 33.9 | 12.0 | 29.9 | -5.7% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Malaysia in 2022:
- Singapore (2263.1 tons)
- Japan (1421.4 tons)
- Brunei Darussalam (1420.7 tons)
- United States (792.1 tons)
- Papua New Guinea (655.6 tons)
- United Kingdom (279.0 tons)
- China (268.0 tons)
- Hong Kong SAR (213.2 tons)
- New Zealand (199.4 tons)
- Jamaica (195.8 tons)
- Australia (165.6 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Malaysia
In 2022, approx. 4K tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Malaysia; with an increase of 817% on 2021. Over the period under review, exports continue to indicate significant growth. 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 skyrocketed to $20M in 2022. Overall, exports showed 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 Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.7 | 1.4 | 1.9 | 14.6 | 104.8% |
Brunei Darussalam | N/A | N/A | N/A | 1.6 | 0% |
Thailand | 0.2 | 0.7 | 1.4 | 1.4 | 91.3% |
Pakistan | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.3 | 0.4 | 1.0 | 2.3 | 97.2% |
Total | 2.3 | 2.6 | 4.2 | 20.1 | 106.0% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Malaysia in 2022:
- China (3396.4 tons)
- Brunei Darussalam (232.2 tons)
- Pakistan (100.4 tons)
- Thailand (83.2 tons)
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