Price for Tungsten (Wolfram); Waste and Scrap in New Zealand - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in New Zealand (FOB) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in New Zealand
Price for Tungsten (Wolfram); Waste and Scrap in New Zealand (FOB) - 2022
The average export price for tungsten (wolfram); waste and scraps stood at $23,818 per ton in 2022, picking up by 95% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 export price increased by +168.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +7.1% per year.
Exports of Tungsten (Wolfram); Waste and Scrap in New Zealand
In 2022, shipments abroad of tungsten (wolfram); waste and scraps decreased by -84.9% to 2.2 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 307% against the previous year.
In value terms, tungsten (wolfram); waste and scrap exports fell markedly to $51K in 2022. In general, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 110%.
| Export of Tungsten (Wolfram); Waste and Scrap in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.6 | 2.1 | 19.0 | 51.3 | 340.5% |
| Malaysia | N/A | 30.8 | N/A | N/A | 0% |
| United Kingdom | 40.1 | 62.0 | 91.8 | N/A | 51.3% |
| United States | 12.6 | 18.1 | 23.0 | N/A | 35.1% |
| Others | 1.1 | 1.1 | 40.2 | N/A | 504.5% |
| Total | 54.4 | 114 | 174 | 51.3 | -1.9% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from New Zealand in 2022:
- Singapore (2.2 tons)
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