Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $15,676 per ton in 2022, dropping by -29.2% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 140%. The import price peaked at $23,601 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 India ($88,857 per ton), while the price for Malaysia ($3,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+684.7%), 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 Myanmar (FOB) - 2022
In 2020, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $300 per ton, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.8%. As a result, the export price attained the peak level of $329 per ton. From 2018 to 2020, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Malaysia ($300 per ton), while the average price for exports to Singapore amounted to $300 per ton.
From 2014 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.6%).
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar
In 2022, purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -64% to 290 kg, falling for the second year in a row after two years of growth. In general, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by 34%. As a result, imports reached the peak of 1.1 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap fell sharply to $4.5K in 2022. Overall, imports faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, imports attained the peak of $24K. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 12.4 | 16.6 | 12.8 | 3.1 | -37.0% |
Thailand | 0.7 | 1.8 | 1.6 | 0.9 | 8.7% |
Singapore | 1.8 | 2.4 | 1.8 | 0.4 | -39.4% |
China | 1.7 | 2.6 | 1.2 | N/A | -16.0% |
Malaysia | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
Others | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
Total | 17.3 | 23.9 | 17.9 | 4.5 | -36.2% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Myanmar in 2022:
- Thailand (186.0 kg)
- Singapore (57.0 kg)
- India (35.0 kg)
- Malaysia (8.0 kg)
- China (1.0 kg)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar
In 2020, exports of tungsten (wolfram); articles thereof, including waste and scrap from Myanmar contracted to 104 tons, with a decrease of -2.6% against 2019. Overall, exports continue to indicate a noticeable descent.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap contracted slightly to $31K in 2020. Over the period under review, exports showed a noticeable curtailment.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Myanmar (Thousand USD) | |||
---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
Singapore | 28.6 | 24.8 | -13.3% |
Malaysia | 3.3 | 6.4 | 93.9% |
Others | N/A | N/A | 0% |
Total | 31.9 | 31.1 | -2.5% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Myanmar in 2022:
- Singapore (82.5 tons)
- Malaysia (21.2 tons)
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