Price for Tungsten (Wolfram); Waste and Scrap in China - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in China (FOB) - 2023
- Price for Tungsten (Wolfram); Waste and Scrap in China (CIF) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in China
- Imports of Tungsten (Wolfram); Waste and Scrap in China
Price for Tungsten (Wolfram); Waste and Scrap in China (FOB) - 2023
In June 2023, the average export price for tungsten (wolfram); waste and scraps amounted to $38,412 per ton, standing approximately at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 10% against the previous month. The export price peaked at $41,371 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was the United States ($39,700 per ton), while the average price for exports to the UK ($35,000 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Tungsten (Wolfram); Waste and Scrap in China (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); waste and scraps amounted to $13,535 per ton, dropping by -8.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 29%. Over the period under review, average import prices reached the peak figure at $22,775 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 Japan ($24,645 per ton), while the price for the United States ($3,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced a decline.
Exports of Tungsten (Wolfram); Waste and Scrap in China
In 2022, the amount of tungsten (wolfram); waste and scraps exported from China contracted rapidly to 467 tons, declining by -17.7% compared with 2021. Overall, exports saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of 568 tons, and then contracted dramatically in the following year.
In value terms, tungsten (wolfram); waste and scrap exports declined to $18M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. As a result, the exports attained the peak of $20M, and then reduced in the following year.
| Export of Tungsten (Wolfram); Waste and Scrap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 5.1 | 3.5 | 10.7 | 5.9% |
| Japan | 3.8 | 1.6 | 11.6 | 2.9 | -8.6% |
| Netherlands | 2.5 | 2.3 | 2.6 | 2.4 | -1.4% |
| United Kingdom | 1.6 | 2.2 | 1.5 | 2.4 | 14.5% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 16.8 | 11.1 | 19.6 | 18.4 | 3.1% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from China in 2022:
- United States (265.4 tons)
- Japan (81.6 tons)
- United Kingdom (60.0 tons)
- Netherlands (58.7 tons)
Imports of Tungsten (Wolfram); Waste and Scrap in China
In 2022, after three years of growth, there was significant decline in overseas purchases of tungsten (wolfram); waste and scraps, when their volume decreased by -21.1% to 168 tons. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, imports attained the peak of 213 tons, and then declined significantly in the following year.
In value terms, tungsten (wolfram); waste and scrap imports declined notably to $2.3M in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 125%. As a result, imports reached the peak of $3.1M, and then contracted notably in the following year.
| Import of Tungsten (Wolfram); Waste and Scrap in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,562 | 1,235 | 2,641 | 1,562 | 0.0% |
| United Kingdom | N/A | 89.5 | N/A | 631 | 165.5% |
| United States | N/A | 70.7 | 71.7 | 71.5 | 0.6% |
| Malaysia | N/A | N/A | 76.6 | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 235 | N/A | 0% |
| Australia | N/A | N/A | 26.7 | N/A | 0% |
| Others | 10.9 | 4.7 | 95.1 | 8.8 | -6.9% |
| Total | 1,573 | 1,400 | 3,146 | 2,273 | 13.1% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to China in 2022:
- United Kingdom (82.2 tons)
- Japan (63.4 tons)
- United States (20.5 tons)
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