Price for Tungsten (Wolfram); Waste and Scrap in Malaysia - 2021
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Malaysia (CIF) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in Malaysia (FOB) - 2022
- Imports of Tungsten (Wolfram); Waste and Scrap in Malaysia
- Exports of Tungsten (Wolfram); Waste and Scrap in Malaysia
Price for Tungsten (Wolfram); Waste and Scrap in Malaysia (CIF) - 2022
The average import price for tungsten (wolfram); waste and scraps stood at $19,494 per ton in 2022, which is down by -27.5% against the previous year. Over the period under review, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $26,875 per ton, and then declined remarkably in the following year.
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 ($49,094 per ton), while the price for Papua New Guinea ($3,661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tungsten (Wolfram); Waste and Scrap in Malaysia (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $4,733 per ton, falling by -7.6% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 47%. The export price peaked at $19,241 per ton in 2014; however, from 2015 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 Singapore ($45,341 per ton), while the average price for exports to Taiwan (Chinese) ($482 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 South Korea (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Waste and Scrap in Malaysia
In 2022, supplies from abroad of tungsten (wolfram); waste and scraps increased by 175% to 507 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt descent.
In value terms, tungsten (wolfram); waste and scrap imports skyrocketed to $9.9M in 2022. In general, imports, however, continue to indicate a sharp reduction.
| Import of Tungsten (Wolfram); Waste and Scrap in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 0.4 | 0.1 | 4.7 | 98.6% |
| Japan | 1.3 | 1.2 | 0.8 | 2.7 | 27.6% |
| Brunei Darussalam | 4.4 | 2.7 | 0.7 | 0.9 | -41.1% |
| Canada | 1.5 | 0.1 | 0.1 | 0.4 | -35.6% |
| Hong Kong SAR | 1.3 | 0.3 | 0.1 | 0.2 | -46.4% |
| Papua New Guinea | 0.7 | 0.3 | 0.1 | 0.1 | -47.7% |
| China | 1.1 | 0.2 | 0.1 | 0.1 | -55.0% |
| France | 4.2 | 1.7 | N/A | N/A | -59.5% |
| Others | 4.3 | 7.9 | 3.0 | 0.6 | -48.1% |
| Total | 19.4 | 14.8 | 4.9 | 9.9 | -20.1% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Malaysia in 2022:
- Japan (222.5 tons)
- United States (96.3 tons)
- Brunei Darussalam (87.5 tons)
- Papua New Guinea (36.5 tons)
- Canada (24.2 tons)
- China (11.0 tons)
- Hong Kong SAR (3.9 tons)
Exports of Tungsten (Wolfram); Waste and Scrap in Malaysia
In 2022, exports of tungsten (wolfram); waste and scraps from Malaysia surged to 91 tons, jumping by 37% against 2021 figures. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. As a result, the exports reached the peak of 132 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, tungsten (wolfram); waste and scrap exports surged to $432K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 decreased by -17.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 80%. As a result, the exports attained the peak of $523K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Tungsten (Wolfram); Waste and Scrap in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 103 | 166 | 60.2 | 130 | 8.1% |
| Singapore | 3.5 | 29.6 | 39.1 | 84.6 | 189.1% |
| South Korea | 31.6 | 61.7 | 25.8 | 55.7 | 20.8% |
| Germany | 61.5 | 85.2 | 26.1 | 48.9 | -7.4% |
| Taiwan (Chinese) | 8.6 | 12.0 | 3.7 | 7.0 | -6.6% |
| Bangladesh | N/A | N/A | 103 | N/A | 0% |
| Pakistan | N/A | 50.8 | N/A | N/A | 0% |
| Others | 83.2 | 118 | 81.8 | 105 | 8.1% |
| Total | 291 | 523 | 340 | 432 | 14.1% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Malaysia in 2022:
- Germany (29.6 tons)
- China (24.5 tons)
- South Korea (19.7 tons)
- Taiwan (Chinese) (14.4 tons)
- Singapore (1.9 tons)
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