Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $29,095 per ton, with a decrease of -27.2% against the previous year. In general, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $160,201 per ton. From 2015 to 2022, the average import prices remained 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 Japan ($250,231 per ton), while the price for Australia ($3,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $16,877 per ton in 2022, dropping by -28.9% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $68,916 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($43,795 per ton), while the average price for exports to Malaysia ($10,641 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 Sweden (+403.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore
For the fourth year in a row, Singapore recorded growth in purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 13% to 914 tons in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap declined remarkably to $27M in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of $32M, and then declined significantly in the following year.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 10.3 | 11.2 | 18.8 | 14.2 | 11.3% |
China | 1.9 | 2.7 | 5.1 | 4.5 | 33.3% |
South Korea | 0.5 | 0.4 | 0.1 | 2.6 | 73.2% |
Indonesia | 0.2 | 0.1 | 0.7 | 1.6 | 100.0% |
United States | 0.9 | 0.7 | 1.0 | 1.1 | 6.9% |
Australia | 0.4 | 0.2 | 0.5 | 1.0 | 35.7% |
Malaysia | N/A | 0.5 | 0.1 | 0.2 | -36.8% |
Germany | 0.3 | 0.5 | 4.1 | 0.1 | -30.7% |
Others | 1.1 | 1.5 | 1.9 | 1.3 | 5.7% |
Total | 15.6 | 17.7 | 32.3 | 26.6 | 19.5% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Singapore in 2022:
- Australia (327.4 tons)
- South Korea (182.0 tons)
- Indonesia (166.0 tons)
- China (141.8 tons)
- Japan (56.8 tons)
- United States (13.9 tons)
- Malaysia (7.1 tons)
- Germany (1.8 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore
In 2022, approx. 729 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Singapore; picking up by 7.4% compared with the previous year. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 284%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap dropped markedly to $12M in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 301%. As a result, the exports reached the peak of $16M, and then shrank rapidly in the following year.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 776 | 411 | 406 | 2,761 | 52.7% |
Germany | 549 | 518 | 5,635 | 1,925 | 51.9% |
Thailand | 106 | 155 | 137 | 1,607 | 147.5% |
Japan | 328 | 242 | 1,288 | 1,556 | 68.0% |
Taiwan (Chinese) | 42.2 | 49.8 | 4,762 | 1,243 | 208.8% |
United States | 733 | 415 | 403 | 459 | -14.4% |
Netherlands | N/A | N/A | 474 | 269 | -43.2% |
United Kingdom | 481 | 164 | 120 | 161 | -30.6% |
Russia | 472 | 275 | N/A | N/A | -41.7% |
Others | 2,613 | 1,787 | 2,868 | 2,319 | -3.9% |
Total | 6,100 | 4,016 | 16,094 | 12,300 | 26.3% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Singapore in 2022:
- Malaysia (259.5 tons)
- Germany (168.8 tons)
- Japan (103.9 tons)
- Thailand (96.1 tons)
- Taiwan (Chinese) (31.3 tons)
- Netherlands (20.0 tons)
- United States (11.5 tons)
- United Kingdom (10.1 tons)
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