Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $88,897 per ton in 2022, increasing by 974% against the previous year. Overall, the import price continues to indicate a slight expansion. The pace of growth was the most pronounced in 2020 an increase of 1,212% against the previous year. Over the period under review, average import prices reached the maximum 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 Japan ($188,072 per ton), while the price for the United States amounted to $84,384 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1,127.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $44,309 per ton, increasing by 83% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 61,551%. As a result, the export price reached the peak level of $72,545 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2016 to 2022, the rate of growth in terms of prices for Singapore amounted to -19.4% per year.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines
Imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses into the Philippines reduced rapidly to 3.5 tons in 2022, which is down by -92.7% compared with the previous year. In general, imports saw a precipitous decrease. The smallest decline of -29.1% was in 2021.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses contracted sharply to $312K in 2022. Over the period under review, imports recorded a significant decrease.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,221 | 746 | 209 | 284 | -38.5% |
| Japan | 74.0 | 24.0 | 24.4 | 28.8 | -27.0% |
| South Korea | 253 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 32.8 | N/A | 0.1 | N/A | -94.5% |
| Netherlands | 149 | 139 | 29.5 | N/A | -55.5% |
| Saudi Arabia | 339 | N/A | N/A | N/A | 0% |
| Others | 166 | 154 | 135 | N/A | -9.8% |
| Total | 2,235 | 1,062 | 398 | 312 | -48.1% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to the Philippines in 2022:
- United States (3.4 tons)
- Japan (0.2 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap, powderses exported from the Philippines reduced notably to 149 kg, which is down by -72.7% compared with the previous year's figure. Over the period under review, exports saw a sharp shrinkage.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses contracted significantly to $6.6K in 2022. Overall, exports continue to indicate a dramatic decline.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Singapore | 1.1 | 6.6 | 500.0% | ||
| United Kingdom | 12.1 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 13.2 | 6.6 | -50.0% | ||
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from the Philippines in 2022:
- Singapore (149.0 kg)
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