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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