Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $126,203 per ton, shrinking by -9.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $152,378 per ton in 2014; however, from 2015 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 Japan ($174,077 per ton), while the price for the United States ($74,115 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $37,111 per ton, surging by 3.3% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tungsten (wolfram); articles thereof, including waste and scrap increased by +78.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 107%. As a result, the export price attained the peak level of $39,588 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($165,256 per ton), while the average price for exports to Singapore ($23,817 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 the UK (+13.7%), 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 New Zealand
In 2022, purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -0.8% to 6 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap declined to $761K in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $850K, and then dropped in the following year.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 449 | 543 | 779 | 693 | 15.6% |
| Australia | 12.8 | 11.3 | 7.2 | 20.0 | 16.0% |
| United States | 47.8 | 22.0 | 10.7 | 18.1 | -27.7% |
| Sweden | 33.9 | 22.4 | 10.3 | 6.9 | -41.2% |
| Others | 51.6 | 50.9 | 43.5 | 23.0 | -23.6% |
| Total | 595 | 650 | 850 | 761 | 8.5% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to New Zealand in 2022:
- China (5.4 tons)
- United States (0.2 tons)
- Australia (0.2 tons)
- Sweden (0.1 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand
In 2022, approx. 2.5 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from New Zealand; jumping by 46% on the year before. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 468%.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $94K in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 593% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 54.4 | 2.9 | 20.2 | 51.3 | -1.9% |
| United Kingdom | N/A | N/A | 30.9 | 34.3 | 11.0% |
| Australia | N/A | 2.1 | 1.3 | 6.4 | 74.6% |
| Netherlands | N/A | 1.5 | 4.8 | N/A | 220.0% |
| Others | 12.1 | 2.4 | 5.2 | 2.3 | -42.5% |
| Total | 66.5 | 9.0 | 62.4 | 94.4 | 12.4% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from New Zealand in 2022:
- Singapore (2155.0 kg)
- United Kingdom (338.0 kg)
- Australia (39.0 kg)
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