Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic - 2023

Contents:

  1. Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic (CIF) - 2022
  2. Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic (FOB) - 2022
  3. Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic
  4. Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic

Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic (CIF) - 2022

In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $77,856 per ton, which is down by -36.4% against the previous year. Over the period under review, the import price saw a perceptible reduction. The growth pace was the most rapid in 2016 when the average import price increased by 80%. Over the period under review, average import prices attained the peak figure at $128,853 per ton in 2020; however, from 2021 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 Mexico ($122,593 per ton), while the price for China ($31,909 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the prices for the other major suppliers experienced a decline.

Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic (FOB) - 2022

The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $54,000 per ton in 2022, which is down by -10% against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. Over the period under review, the average export prices reached the maximum at $60,000 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($92,000 per ton), while the average price for exports to Haiti totaled $16,000 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (0.0%), 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 the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 248% to 1.3 tons in 2022. Overall, imports enjoyed a significant increase. 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 surged to $99K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.43.62.337.772.1%
Mexico0.111.525.831.0576.8%
Germany9.619.113.927.642.2%
China4.32.30.12.1-21.3%
NorwayN/AN/A2.4N/A0%
Others0.80.20.20.80.0%
Total22.336.744.899.264.5%

Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to the Dominican Republic in 2022:

  1. United States (531.0 kg)
  2. Germany (388.0 kg)
  3. Mexico (253.0 kg)
  4. China (66.0 kg)

Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Dominican Republic

In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap exported from the Dominican Republic skyrocketed to 2 kg, jumping by 100% on the year before. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap surged to $108 in 2022. In general, exports saw 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 the Dominican Republic (USD)
COUNTRY20212022CAGR,
2021-2022
PortugalN/A92.00%
HaitiN/A16.00%
Saint Lucia60.0N/A0%
OthersN/AN/A0%
Total60.010880.0%

Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from the Dominican Republic in 2022:

  1. Haiti (1.0 kg)
  2. Portugal (1.0 kg)

Source: IndexBox Market Intelligence Platform

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