Salts; Tungstates (Wolframates) Price in Australia - 2023

Salts; Tungstates (Wolframates) Price in Australia (FOB) - 2022

The average salts; tungstates (wolframates) export price stood at $199,742 per ton in 2022, waning by -4.4% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12%. The export price peaked at $248,093 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($266,328 per ton), while the average price for exports to the UK ($110,876 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 United States (-0.9%), while the prices for the other major destinations experienced a decline.

Salts; Tungstates (Wolframates) Price in Australia (CIF) - 2022

The average salts; tungstates (wolframates) import price stood at $104,289 per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price showed a moderate expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 218%. As a result, import price reached the peak level of $246,217 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($256,233 per ton), while the price for China ($33,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Salts; Tungstates (Wolframates) Exports in Australia

In 2022, overseas shipments of salts; tungstates (wolframates) were finally on the rise to reach 3.5 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a mild descent.

In value terms, salts; tungstates (wolframates) exports soared to $694K in 2022. Over the period under review, exports, however, continue to indicate a mild downturn.

Export of Salts; Tungstates (Wolframates) in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mozambique	83.6	176	168	408	69.6%
Sierra Leone	208	94.1	59.4	78.2	-27.8%
Senegal	12.9	90.9	65.9	60.3	67.2%
China	N/A	27.4	9.3	26.6	-1.5%
United States	27.1	31.2	43.9	23.7	-4.4%
United Kingdom	59.8	23.8	43.0	23.1	-27.2%
Canada	28.2	N/A	25.0	21.1	-9.2%
Papua New Guinea	16.9	16.7	23.6	9.9	-16.3%
South Africa	199	N/A	39.1	2.1	-78.1%
Kenya	76.1	66.0	40.8	N/A	-26.8%
Others	6.2	21.2	39.4	40.7	87.2%
Total	718	548	558	694	-1.1%

Top Export Markets for Salts; Tungstates (Wolframates) from Australia in 2022:

Mozambique (1983.0 kg)
Sierra Leone (400.0 kg)
Senegal (320.0 kg)
United Kingdom (208.0 kg)
China (135.0 kg)
Canada (96.0 kg)
United States (89.0 kg)
Papua New Guinea (36.0 kg)
South Africa (10.0 kg)

Salts; Tungstates (Wolframates) Imports in Australia

After two years of decline, supplies from abroad of salts; tungstates (wolframates) increased by 17% to 4.3 tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, salts; tungstates (wolframates) imports skyrocketed to $451K in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Salts; Tungstates (Wolframates) in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	376	362	334	405	2.5%
Germany	19.0	N/A	6.9	39.7	27.8%
China	9.6	2.9	N/A	5.0	-19.5%
Others	2.3	0.9	3.8	1.0	-24.2%
Total	407	366	345	451	3.5%