Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (FOB) - 2023
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $43,372 per ton in 2022, picking up by 26% against the previous year. In general, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $63,538 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($68,154 per ton), while the price for Vietnam ($29,227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (FOB) - 2023
In December 2023, the average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $62,029 per ton, surging by 3.7% against the previous month. In general, export price indicated pronounced growth from December 2022 to December 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses increased by +63.7% against August 2023 indices. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 32% m-o-m. Over the period under review, the average export prices hit record highs in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($110K per ton), while the average price for exports to Mexico ($49,578 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States
In 2022, after two years of decline, there was significant growth in overseas purchases of tungsten (wolfram); articles thereof, including waste and scrap, powderses, when their volume increased by 54% to 2.1K tons. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses surged to $90M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.3 | 23.2 | 12.8 | 25.3 | -15.1% |
| Canada | 11.9 | 9.9 | 10.9 | 23.8 | 26.0% |
| Austria | 5.6 | 0.4 | 5.7 | 14.9 | 38.6% |
| South Korea | 5.7 | 7.6 | 7.6 | 9.0 | 16.4% |
| Czech Republic | N/A | 0.1 | N/A | 6.4 | 700.0% |
| Vietnam | 1.9 | 1.1 | 1.8 | 3.5 | 22.6% |
| Japan | 3.2 | 2.9 | 1.9 | 2.9 | -3.2% |
| Israel | 3.0 | 12.7 | 3.1 | 2.6 | -4.7% |
| Others | 3.1 | 1.9 | 2.8 | 1.9 | -15.1% |
| Total | 75.5 | 59.8 | 46.6 | 90.4 | 6.2% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to the United States in 2022:
- China (583.6 tons)
- Canada (492.2 tons)
- Austria (336.2 tons)
- South Korea (256.3 tons)
- Czech Republic (121.0 tons)
- Vietnam (120.0 tons)
- Japan (73.3 tons)
- Israel (71.8 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States
Exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses from the United States surged to 1K tons in 2022, rising by 43% against the previous year. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 167% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses surged to $42M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.4 | 5.6 | 18.8 | 31.7 | 80.4% |
| Mexico | 1.7 | 1.2 | 1.1 | 1.9 | 3.8% |
| Germany | 1.1 | 0.5 | 1.9 | 1.4 | 8.4% |
| Others | 8.2 | 6.5 | 6.0 | 6.5 | -7.5% |
| Total | 16.4 | 13.8 | 27.7 | 41.5 | 36.3% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from the United States in 2022:
- Canada (840.6 tons)
- Mexico (32.5 tons)
- Germany (26.1 tons)
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