Salts; Tungstates (Wolframates) Price in Canada - 2023

Contents:

1. Salts; Tungstates (Wolframates) Price in Canada (CIF) - 2022
2. Salts; Tungstates (Wolframates) Price in Canada (FOB) - 2022
3. Salts; Tungstates (Wolframates) Imports in Canada
4. Salts; Tungstates (Wolframates) Exports in Canada

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

The average salts; tungstates (wolframates) import price stood at $1,216 per ton in 2022, reducing by -66.5% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum at $4,032 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($1,217 per ton) and the United States ($1,215 per ton), while the price for Germany ($1,203 per ton) and India ($1,213 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average salts; tungstates (wolframates) export price amounted to $2,740 per ton, waning by -94% against the previous year. Over the period under review, the export price recorded a dramatic contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 160% against the previous year. The export price peaked at $45,746 per ton in 2021, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2016 to 2022, the rate of growth in terms of prices for Pakistan amounted to -97.1% per year.

Salts; Tungstates (Wolframates) Imports in Canada

In 2022, the amount of salts; tungstates (wolframates) imported into Canada surged to 32 tons, picking up by 67% on the previous year. In general, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 377%. As a result, imports attained the peak of 282 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, salts; tungstates (wolframates) imports plummeted to $39K in 2022. Overall, imports, however, faced a significant decline. The pace of growth was the most pronounced in 2020 when imports increased by 575%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Salts; Tungstates (Wolframates) to Canada in 2022:

1. Australia (15.6 tons)
2. United States (11.2 tons)
3. India (2.8 tons)
4. Germany (1.2 tons)
5. Switzerland (1.0 tons)

Salts; Tungstates (Wolframates) Exports in Canada

For the third consecutive year, Canada recorded decline in shipments abroad of salts; tungstates (wolframates), which decreased by -15.5% to 60 kg in 2022. Overall, exports showed a deep setback. The smallest decline of -13.4% was in 2021.

In value terms, salts; tungstates (wolframates) exports contracted significantly to $164 in 2022. Over the period under review, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 7.9% against the previous year. As a result, the exports attained the peak of $3.2K, and then contracted significantly in the following year.

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

1. South Korea (60.0 kg)

Source: IndexBox Market Intelligence Platform