Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam (CIF) - 2022
In December 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $153K per ton, dropping by -75.7% against the previous month. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in November 2022 an increase of 343% against the previous month. As a result, import price reached the peak level of $627K per ton, and then declined significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($174K per ton), while the price for Japan ($105K per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap amounted to $57,639 per ton, shrinking by -29.7% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $98,479 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($60,723 per ton), while the average price for exports to China ($23,652 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 Hong Kong SAR (+12.4%), 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 Vietnam
In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap into Vietnam surged to 240 tons, jumping by 20% compared with the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +97.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap soared to $29M in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 6.9 | 9.1 | 12.6 | 17.3% |
| South Korea | 1.7 | 1.7 | 8.0 | 10.4 | 82.9% |
| Japan | 3.8 | 2.8 | 2.8 | 3.0 | -7.6% |
| India | 1.0 | N/A | 0.3 | 1.4 | 11.9% |
| United States | N/A | 0.3 | 0.5 | 0.5 | 29.1% |
| Others | 0.9 | 0.9 | 1.0 | 1.1 | 6.9% |
| Total | 15.2 | 12.5 | 21.7 | 28.9 | 23.9% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap to Vietnam in 2022:
- China (95.3 tons)
- South Korea (67.9 tons)
- Japan (39.5 tons)
- India (25.7 tons)
- United States (3.6 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam
In 2022, shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap decreased by -12.1% to 36 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 16%. As a result, the exports attained the peak of 43 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap reduced dramatically to $2.1M in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,243 | 1,628 | 992 | 1,890 | 15.0% |
| United States | 1,389 | 2,393 | 672 | 102 | -58.1% |
| China | 58.3 | 78.7 | 169 | 51.7 | -3.9% |
| Brazil | 6.4 | 24.8 | 47.0 | 46.6 | 93.8% |
| South Korea | 327 | 15.8 | 140 | 1.0 | -85.5% |
| Netherlands | 178 | N/A | 1,300 | N/A | 170.2% |
| Others | 1.0 | 87.4 | 73.5 | 5.8 | 79.7% |
| Total | 3,201 | 4,227 | 3,394 | 2,097 | -13.1% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap from Vietnam in 2022:
- Japan (31.2 tons)
- China (2.2 tons)
- United States (1.7 tons)
- Brazil (1.2 tons)
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