Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey (FOB) - 2024
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $65,067 per ton, picking up by 3.5% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2017 when the average import price increased by 19%. The import price peaked at $115,438 per ton in 2012; however, from 2013 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 the Czech Republic ($110,212 per ton), while the price for Iran ($24,404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey (FOB) - 2024
In May 2024, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $20,403 per ton, picking up by 5.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 423% m-o-m. The export price peaked at $22,723 per ton in May 2023; however, from June 2023 to May 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($20,810 per ton), while the average price for exports to Austria totaled $12,596 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey
In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap into Turkey soared to 210 tons, rising by 24% on 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap skyrocketed to $14M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 5.4 | 6.8 | 9.4 | 9.8% |
| Germany | 0.8 | 1.2 | 1.1 | 1.1 | 11.2% |
| Italy | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
| United States | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Czech Republic | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| France | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| Iran | N/A | N/A | 0.3 | 0.2 | -33.3% |
| South Korea | 0.9 | 0.2 | 0.2 | 0.2 | -39.4% |
| Others | 0.8 | 0.4 | 0.5 | 0.7 | -4.4% |
| Total | 11.1 | 8.4 | 10.6 | 13.7 | 7.3% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Turkey in 2022:
- China (158.5 tons)
- Germany (11.7 tons)
- Italy (8.1 tons)
- United States (7.5 tons)
- Iran (7.4 tons)
- France (5.9 tons)
- Czech Republic (3.5 tons)
- South Korea (2.0 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey
In 2022, approx. 585 tons of tungsten (wolfram); articles thereof, including waste and scrap were exported from Turkey; waning by -2.9% on 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 131% against the previous year. As a result, the exports attained the peak of 603 tons, and then fell modestly in the following year.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap expanded markedly to $13M in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 215%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 3.6 | 10.7 | 11.1 | 44.2% |
| Austria | 0.4 | N/A | 0.1 | 1.2 | 44.2% |
| Netherlands | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Estonia | N/A | N/A | 0.8 | 0.1 | -87.5% |
| Singapore | 0.9 | N/A | 0.1 | N/A | -66.7% |
| Others | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Total | 5.2 | 3.8 | 11.8 | 12.9 | 35.4% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Turkey in 2022:
- Germany (483.2 tons)
- Austria (55.5 tons)
- Netherlands (27.6 tons)
- Estonia (11.7 tons)
- Singapore (2.9 tons)
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