Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $6,038 per ton, rising by 21% against the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 60%. Over the period under review, the average export prices hit record highs at $13,764 per ton in 2017; however, from 2018 to 2022, the 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 the United States ($108,919 per ton), while the average price for exports to Malaysia ($649 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 Portugal (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $36,210 per ton, growing by 33% against the previous year. In general, the import price saw prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($87,841 per ton), while the price for Andorra ($1,020 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain
For the fourth year in a row, Spain recorded growth in overseas shipments of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 28% to 718 tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 77%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $4.3M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 501 | 760 | 1,043 | 3,040 | 82.4% |
| Ireland | N/A | N/A | N/A | 764 | 0% |
| United States | 642 | 1,139 | 619 | 318 | -20.9% |
| Malaysia | N/A | N/A | 271 | 30.2 | -88.9% |
| Philippines | N/A | N/A | N/A | 26.8 | 0% |
| Austria | 205 | 454 | 252 | N/A | 10.9% |
| Others | 900 | 75.4 | 627 | 158 | -44.0% |
| Total | 2,249 | 2,428 | 2,812 | 4,336 | 24.5% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Spain in 2022:
- Germany (583.0 tons)
- Ireland (53.5 tons)
- Malaysia (46.5 tons)
- Philippines (26.2 tons)
- United States (2.9 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain
In 2022, purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap increased by 14% to 105 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant decline.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap skyrocketed to $3.8M in 2022. In general, imports, however, showed a perceptible decrease.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.0 | N/A | 0.8 | 933 | 877.1% |
| United Kingdom | 1,609 | 385 | 410 | 889 | -17.9% |
| Germany | 751 | 1,238 | 884 | 500 | -12.7% |
| China | 241 | 236 | 414 | 328 | 10.8% |
| Italy | 171 | 73.6 | 90.1 | 163 | -1.6% |
| United States | 152 | 91.3 | 174 | 141 | -2.5% |
| France | 486 | 38.4 | 73.8 | 111 | -38.9% |
| Denmark | 55.6 | 45.7 | 93.7 | 99.3 | 21.3% |
| Portugal | 34.6 | 44.1 | 28.7 | 94.3 | 39.7% |
| Andorra | N/A | N/A | N/A | 8.2 | 0% |
| Romania | 135 | 89.5 | 8.4 | N/A | -75.1% |
| Others | 424 | 290 | 319 | 528 | 7.6% |
| Total | 4,061 | 2,532 | 2,495 | 3,796 | -2.2% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Spain in 2022:
- Germany (34.5 tons)
- United Kingdom (12.7 tons)
- Japan (10.6 tons)
- Portugal (10.2 tons)
- Italy (8.3 tons)
- Andorra (8.1 tons)
- China (5.8 tons)
- Denmark (3.6 tons)
- United States (3.0 tons)
- France (1.8 tons)
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