Price for Tungsten (Wolfram); Waste and Scrap in the Philippines - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in the Philippines (FOB) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in the Philippines
Price for Tungsten (Wolfram); Waste and Scrap in the Philippines (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $19,145 per ton, jumping by 86% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 922% against the previous year. The export price peaked at $26,036 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -3.0% per year.
Exports of Tungsten (Wolfram); Waste and Scrap in the Philippines
In 2022, approx. 17 tons of tungsten (wolfram); waste and scraps were exported from the Philippines; increasing by 29% against the previous year's figure. Overall, exports, however, showed a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 256% against the previous year.
In value terms, tungsten (wolfram); waste and scrap exports soared to $316K in 2022. In general, exports, however, saw a slight downturn.
| Export of Tungsten (Wolfram); Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 231 | 23.9 | 24.9 | 316 | 11.0% |
| South Korea | 43.9 | 2.5 | 24.6 | N/A | -25.1% |
| Singapore | 58.5 | 29.8 | 47.1 | N/A | -10.3% |
| Pakistan | N/A | N/A | 26.5 | N/A | 0% |
| Others | N/A | 24.9 | 9.4 | N/A | -62.2% |
| Total | 334 | 81.2 | 133 | 316 | -1.8% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from the Philippines in 2022:
- Japan (16.5 tons)
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