Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $17,470 per ton, with a decrease of -16.8% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 67%. The export price peaked at $110,148 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -16.8% per year.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $89,739 per ton, picking up by 5.2% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tungsten (wolfram); articles thereof, including waste and scrap increased by +24.6% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 45%. The import price peaked at $148,617 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the United States ($192,222 per ton), while the price for Argentina ($57,981 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced a decline.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap exported from Venezuela skyrocketed to 4.5 tons, growing by 123% against 2021 figures. Overall, exports recorded a significant increase. 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 $78K in 2022. In general, exports enjoyed a significant expansion. 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 Venezuela (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Malaysia | 22.7 | 42.0 | 77.7 | 85.0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 22.7 | 42.0 | 77.7 | 85.0% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Venezuela in 2022:
- Malaysia (4.5 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela
For the third year in a row, Venezuela recorded decline in overseas purchases of tungsten (wolfram); articles thereof, including waste and scrap, which decreased by -13.8% to 306 kg in 2022. In general, imports faced a abrupt decrease.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap declined to $27K in 2022. Overall, imports recorded a abrupt contraction.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 20.0 | 17.3 | 14.7 | 12.2 | -15.2% |
| China | 6.8 | 7.7 | 8.7 | 9.5 | 11.8% |
| United States | 7.0 | 5.7 | 4.5 | 3.5 | -20.6% |
| Others | 2.9 | 2.7 | 2.4 | 2.2 | -8.8% |
| Total | 36.8 | 33.4 | 30.3 | 27.5 | -9.3% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Venezuela in 2022:
- Argentina (211.0 kg)
- China (65.0 kg)
- United States (18.0 kg)
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