Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (CIF) - 2024
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $26,355 per ton in 2022, reducing by -8.1% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2016 an increase of 47%. As a result, the export price attained the peak level of $58,936 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($63,413 per ton), while the average price for exports to the Philippines ($15,618 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 Ireland (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (CIF) - 2024
In March 2024, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $29,273 per ton, jumping by 39% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 56% m-o-m. The import price peaked at $44,580 per ton in November 2023; however, from December 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($757K per ton), while the price for Singapore ($4,075 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by South Korea (+36.0%), 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 the Netherlands
For the fourth consecutive year, the Netherlands recorded growth in shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 128% to 1.5K tons in 2022. Overall, exports recorded significant growth. As a result, the exports reached 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 $39M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 2.0 | 7.2 | 14.7 | 175.9% |
| Ireland | 0.1 | 0.5 | 2.8 | 8.1 | 332.7% |
| France | 0.5 | 1.9 | 0.6 | 3.4 | 89.5% |
| Belgium | 0.7 | 0.6 | 1.5 | 2.4 | 50.8% |
| Spain | 0.3 | 0.3 | 1.1 | 1.6 | 74.7% |
| United States | 0.2 | 0.4 | 0.5 | 1.5 | 95.7% |
| United Kingdom | 0.3 | 1.8 | 0.3 | 1.0 | 49.4% |
| Austria | N/A | 0.6 | 1.5 | 1.0 | 29.1% |
| Philippines | N/A | 0.3 | 0.3 | 0.8 | 63.3% |
| Others | 2.4 | 2.1 | 2.9 | 4.7 | 25.1% |
| Total | 5.3 | 10.6 | 18.7 | 39.1 | 94.7% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from the Netherlands in 2022:
- Germany (633.6 tons)
- Ireland (374.2 tons)
- Belgium (130.6 tons)
- France (104.2 tons)
- Philippines (50.2 tons)
- Spain (40.9 tons)
- United States (35.4 tons)
- Austria (24.1 tons)
- United Kingdom (15.6 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands
For the fourth consecutive year, the Netherlands recorded growth in overseas purchases of tungsten (wolfram); articles thereof, including waste and scrap, which increased by 72% to 918 tons in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 105%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $28M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 2.1 | 4.0 | 6.9 | 70.2% |
| South Korea | N/A | 0.4 | 2.4 | 6.8 | 312.3% |
| United Kingdom | N/A | 0.1 | 2.8 | 6.0 | 674.6% |
| Germany | 1.3 | 1.9 | 3.0 | 2.6 | 26.0% |
| Japan | 0.1 | 0.1 | 0.4 | 1.3 | 135.1% |
| Russia | N/A | 0.2 | N/A | 0.8 | 100.0% |
| United States | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
| Ireland | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Austria | 0.8 | 0.7 | 0.8 | 0.3 | -27.9% |
| Belgium | N/A | 0.3 | 0.2 | 0.1 | -42.3% |
| Pakistan | 0.6 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 4.3 | 2.4 | 2.2 | 16.3% |
| Total | 6.0 | 10.8 | 16.8 | 28.2 | 67.5% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to the Netherlands in 2022:
- South Korea (322.3 tons)
- United Kingdom (230.6 tons)
- China (164.2 tons)
- Japan (57.2 tons)
- Germany (42.7 tons)
- Russia (23.4 tons)
- Ireland (17.5 tons)
- United States (15.1 tons)
- Austria (6.3 tons)
- Belgium (5.0 tons)
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