Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $13,489 per ton in 2022, rising by 28% against the previous year. Overall, the import price recorded a prominent expansion. The growth pace was the most rapid in 2014 an increase of 76%. The import price peaked at $15,623 per ton in 2016; however, from 2017 to 2022, import prices stood 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 ($123,694 per ton), while the price for China ($9,175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $20,743 per ton in 2022, picking up by 66% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. The export price peaked at $61,263 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($22,741 per ton), while the average price for exports to China ($5,979 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 South Korea (+32.0%), 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 Philippines
Imports of tungsten (wolfram); articles thereof, including waste and scrap into the Philippines reduced markedly to 2.9K tons in 2022, with a decrease of -20.1% compared with the year before. Over the period under review, imports faced a sharp descent.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap stood at $39M in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 2.8%.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 42.6 | 29.4 | 26.8 | 23.8 | -17.6% |
Hong Kong SAR | 3.7 | 2.7 | 4.8 | 7.1 | 24.3% |
Singapore | 1.0 | 0.8 | 1.1 | 1.3 | 9.1% |
Saudi Arabia | 0.2 | N/A | N/A | N/A | 0% |
Others | 8.7 | 4.7 | 5.9 | 7.2 | -6.1% |
Total | 56.1 | 37.5 | 38.6 | 39.5 | -11.0% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to the Philippines in 2022:
- China (2597.3 tons)
- Hong Kong SAR (174.1 tons)
- Singapore (78.2 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap exported from the Philippines surged to 56 tons, picking up by 205% against the year before. Over the period under review, exports enjoyed 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 skyrocketed to $1.2M in 2022. In general, exports, however, saw a deep setback.
Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.1 | 1.1 | 1.3 | 493 | 1602.0% |
Japan | 337 | 81.9 | 64.4 | 320 | -1.7% |
Indonesia | 1.5 | 0.9 | 1.3 | 255 | 454.0% |
Taiwan (Chinese) | N/A | N/A | 0.1 | 92.8 | 92700.0% |
China | 140 | 0.6 | 1.7 | 1.1 | -80.1% |
Hong Kong SAR | 59.3 | 34.8 | N/A | N/A | -41.3% |
South Korea | 1,188 | 29.1 | 79.5 | N/A | -74.1% |
Pakistan | N/A | N/A | 68.4 | N/A | 0% |
Others | 5.0 | 14.4 | 14.3 | 9.6 | 24.3% |
Total | 1,731 | 163 | 231 | 1,171 | -12.2% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from the Philippines in 2022:
- India (22.6 tons)
- Japan (16.5 tons)
- Indonesia (11.2 tons)
- Taiwan (Chinese) (5.8 tons)
- China (0.2 tons)
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