Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $173,176 per ton, rising by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +5.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Germany ($537,118 per ton), while the price for China ($62,451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.1%), 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 Mexico (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $5,435 per ton, reducing by -8.4% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 when the average export price decreased by -8.4% against the previous year. The export price peaked at $18,008 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -11.1% per year.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap imported into Mexico expanded remarkably to 280 tons, picking up by 14% against 2021. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap skyrocketed to $49M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.2 | 21.1 | 27.9 | 32.8 | 7.8% |
| China | 3.9 | 3.6 | 5.0 | 7.2 | 22.7% |
| Germany | 1.4 | 1.4 | 1.9 | 2.8 | 26.0% |
| South Korea | 1.0 | 1.1 | 1.2 | 1.7 | 19.3% |
| Japan | 1.8 | 2.1 | 1.9 | 1.5 | -5.9% |
| Austria | 0.1 | 0.1 | 0.5 | 1.3 | 135.1% |
| France | 1.6 | 0.9 | 0.7 | 0.5 | -32.1% |
| Others | 2.7 | 2.2 | 1.1 | 0.8 | -33.3% |
| Total | 38.7 | 32.5 | 40.3 | 48.5 | 7.8% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Mexico in 2022:
- United States (132.8 tons)
- China (115.6 tons)
- Japan (9.2 tons)
- South Korea (6.4 tons)
- Austria (5.3 tons)
- Germany (5.1 tons)
- France (2.2 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico
In 2022, exports of tungsten (wolfram); articles thereof, including waste and scrap from Mexico surged to 2.4K tons, rising by 29% compared with 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 127%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap soared to $13M in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.8 | 5.2 | 10.9 | 12.9 | 18.3% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 8.1 | 5.2 | 10.9 | 12.9 | 16.8% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Mexico in 2022:
- United States (2.4K tons)
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