Price for Tungsten (Wolfram); Waste and Scrap in Japan - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Japan (FOB) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in Japan (CIF) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in Japan
- Imports of Tungsten (Wolfram); Waste and Scrap in Japan
Price for Tungsten (Wolfram); Waste and Scrap in Japan (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $16,960 per ton, increasing by 3.4% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of 20%. The export price peaked at $22,198 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 UK ($27,047 per ton), while the average price for exports to the United States ($9,645 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 the UK (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tungsten (Wolfram); Waste and Scrap in Japan (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); waste and scraps amounted to $28,024 per ton, waning by -5.5% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tungsten (wolfram); waste and scrap import price increased by +29.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 66%. As a result, import price attained the peak level of $30,606 per ton. From 2014 to 2022, the average 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 UK ($35,402 per ton), while the price for Vietnam ($1,814 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tungsten (Wolfram); Waste and Scrap in Japan
In 2022, approx. 2.1K tons of tungsten (wolfram); waste and scraps were exported from Japan; surging by 6.8% compared with 2021. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, tungsten (wolfram); waste and scrap exports rose rapidly to $36M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tungsten (Wolfram); Waste and Scrap in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 3.2 | 5.9 | 9.2 | 20.9% |
| Taiwan (Chinese) | 6.4 | 6.9 | 8.3 | 9.0 | 12.0% |
| South Korea | 1.0 | 1.8 | 4.1 | 7.0 | 91.3% |
| China | 1.6 | 1.2 | 2.6 | 4.2 | 37.9% |
| United States | 0.9 | 2.3 | 3.3 | 3.1 | 51.0% |
| United Kingdom | N/A | N/A | N/A | 1.6 | 0% |
| Austria | 2.7 | 1.2 | 3.0 | 1.1 | -25.9% |
| Singapore | N/A | N/A | 4.6 | 0.2 | -95.7% |
| Others | 0.6 | 0.1 | 1.0 | 0.7 | 5.3% |
| Total | 18.4 | 16.8 | 32.7 | 36.1 | 25.2% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Japan in 2022:
- Taiwan (Chinese) (593.2 tons)
- Germany (446.0 tons)
- South Korea (387.7 tons)
- United States (318.3 tons)
- China (179.5 tons)
- Austria (60.0 tons)
- United Kingdom (58.5 tons)
- Singapore (14.8 tons)
Imports of Tungsten (Wolfram); Waste and Scrap in Japan
Tungsten (wolfram); waste and scrap imports into Japan contracted significantly to 491 tons in 2022, dropping by -34% against the year before. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 202%. As a result, imports reached the peak of 745 tons, and then dropped notably in the following year.
In value terms, tungsten (wolfram); waste and scrap imports declined significantly to $14M in 2022. Over the period under review, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 313%. As a result, imports reached the peak of $22M, and then shrank markedly in the following year.
| Import of Tungsten (Wolfram); Waste and Scrap in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 1.7 | 12.7 | 4.0 | -2.4% |
| Taiwan (Chinese) | 3.4 | 0.5 | 2.0 | 2.7 | -7.4% |
| South Korea | 1.9 | 0.5 | 0.7 | 1.5 | -7.6% |
| Singapore | 0.1 | N/A | 1.2 | 1.1 | 122.4% |
| Germany | 0.8 | 0.3 | 1.3 | 1.1 | 11.2% |
| Thailand | 0.4 | 0.1 | 0.1 | 1.0 | 35.7% |
| United Kingdom | 2.0 | 1.1 | 1.5 | 0.9 | -23.4% |
| Philippines | 0.4 | 0.1 | 0.2 | 0.4 | 0.0% |
| Mexico | N/A | 0.3 | 0.3 | 0.4 | 15.5% |
| India | 0.4 | 0.1 | 1.1 | 0.3 | -9.1% |
| United States | 0.7 | 0.5 | 0.3 | 0.2 | -34.1% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.7 | 0.1 | -37.0% |
| Total | 14.9 | 5.3 | 22.1 | 13.8 | -2.5% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Japan in 2022:
- China (117.5 tons)
- Taiwan (Chinese) (107.8 tons)
- South Korea (47.5 tons)
- Thailand (44.4 tons)
- Singapore (38.2 tons)
- Germany (36.6 tons)
- United Kingdom (24.4 tons)
- Philippines (17.1 tons)
- Mexico (16.5 tons)
- United States (12.0 tons)
- India (11.2 tons)
- Vietnam (10.6 tons)
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