Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the United Arab Emirates - 2022

Contents:

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

Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the United Arab Emirates (FOB) - 2022

The average export price for tungsten (wolfram); articles thereof, including waste and scrap stood at $20,010 per ton in 2022, falling by -22.3% against the previous year. Overall, the export price saw a mild reduction. The pace of growth appeared the most rapid in 2016 an increase of 162%. The export price peaked at $81,367 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 India ($97,978 per ton), while the average price for exports to Pakistan ($4,780 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 Oman (+6.3%), 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 the United Arab Emirates (CIF) - 2022

The average import price for tungsten (wolfram); articles thereof, including waste and scrap stood at $62,618 per ton in 2022, rising by 52% against the previous year. Over the period under review, the import price saw a measured expansion. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. The import price peaked at $64,235 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($225,508 per ton), while the price for the United States ($30,477 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 (+15.6%), 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 United Arab Emirates

Exports of tungsten (wolfram); articles thereof, including waste and scrap from the United Arab Emirates soared to 101 tons in 2022, growing by 856% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. 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 $2M in 2022. Overall, exports saw significant growth. 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 United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.72.3N/A1,903394.9%
Oman97.472.472.240.7-25.2%
India55026.93.24.4-80.0%
MalaysiaN/AN/A72.1N/A0%
Iran38.537.164.9N/A29.8%
Others19.36.660.982.262.1%
Total7211452732,03041.2%

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

  1. Germany (97.1 tons)
  2. Oman (1.8 tons)

Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the United Arab Emirates

In 2022, approx. 15 tons of tungsten (wolfram); articles thereof, including waste and scrap were imported into the United Arab Emirates; rising by 29% on the previous year. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports attained the peak of 24 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $924K in 2022. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China21228025.358039.9%
United States209142295131-14.4%
FinlandN/AN/AN/A75.80%
Netherlands85.57.952.234.2-26.3%
United Kingdom66.63.99.55.8-55.7%
SeychellesN/A9.6N/AN/A0%
Others97.998.489.696.9-0.3%
Total67154247192411.3%

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

  1. China (9.1 tons)
  2. United States (4.3 tons)
  3. Finland (0.4 tons)
  4. Netherlands (0.2 tons)
  5. United Kingdom (0.1 tons)

Source: IndexBox Market Intelligence Platform

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