Salts; Tungstates (Wolframates) Price in Hong Kong SAR - 2022
Contents:
- Salts; Tungstates (Wolframates) Price in Hong Kong SAR (FOB) - 2022
- Salts; Tungstates (Wolframates) Price in Hong Kong SAR (CIF) - 2022
- Salts; Tungstates (Wolframates) Exports in Hong Kong SAR
- Salts; Tungstates (Wolframates) Imports in Hong Kong SAR
Salts; Tungstates (Wolframates) Price in Hong Kong SAR (FOB) - 2022
The average salts; tungstates (wolframates) export price stood at $38,596 per ton in 2022, rising by 43% against the previous year. Over the period under review, the export price continues to indicate prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($141,164 per ton), while the average price for exports to the United States ($24,710 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 China (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Tungstates (Wolframates) Price in Hong Kong SAR (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $14,370 per ton, falling by -5% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 8.2% against the previous year. Over the period under review, average import prices attained the peak figure at $37,571 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 country with the highest price was China ($15,319 per ton), while the price for Vietnam stood at $14,308 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-8.8%).
Salts; Tungstates (Wolframates) Exports in Hong Kong SAR
Salts; tungstates (wolframates) exports from Hong Kong SAR expanded remarkably to 47 tons in 2022, with an increase of 10% against the previous year. Overall, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports attained the peak of 133 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, salts; tungstates (wolframates) exports surged to $1.8M in 2022. Over the period under review, exports, however, showed a drastic downturn.
| Export of Salts; Tungstates (Wolframates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 644 | 622 | 399 | 536 | -5.9% |
| Germany | 429 | 703 | 190 | 368 | -5.0% |
| China | 170 | 187 | 92.2 | 211 | 7.5% |
| Japan | 267 | 272 | 130 | 154 | -16.8% |
| Vietnam | 194 | 199 | 96.3 | 115 | -16.0% |
| Israel | 130 | 102 | 47.4 | 53.2 | -25.8% |
| Others | 435 | 720 | 194 | 368 | -5.4% |
| Total | 2,268 | 2,805 | 1,149 | 1,806 | -7.3% |
Top Export Markets for Salts; Tungstates (Wolframates) from Hong Kong SAR in 2022:
- United States (21.7 tons)
- Germany (8.0 tons)
- Vietnam (4.0 tons)
- Japan (2.4 tons)
- China (1.5 tons)
- Israel (1.2 tons)
Salts; Tungstates (Wolframates) Imports in Hong Kong SAR
In 2022, the amount of salts; tungstates (wolframates) imported into Hong Kong SAR shrank remarkably to 8.3 tons, dropping by -15.1% on the previous year. In general, imports saw a abrupt slump.
In value terms, salts; tungstates (wolframates) imports dropped sharply to $120K in 2022. Over the period under review, imports continue to indicate a deep reduction.
| Import of Salts; Tungstates (Wolframates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 179 | 164 | 144 | 116 | -13.5% |
| China | 48.5 | 20.2 | 3.7 | 3.1 | -60.0% |
| Others | 1.3 | 0.6 | 0.8 | 0.5 | -27.3% |
| Total | 228 | 184 | 149 | 120 | -19.3% |
Top Suppliers of Salts; Tungstates (Wolframates) to Hong Kong SAR in 2022:
- Vietnam (8.1 tons)
- China (0.2 tons)
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