Salts; Tungstates (Wolframates) Price in Saudi Arabia - 2021
Contents:
- Salts; Tungstates (Wolframates) Price in Saudi Arabia (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in Saudi Arabia
Salts; Tungstates (Wolframates) Price in Saudi Arabia (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $43,962 per ton, with a decrease of -40.8% against the previous year. Over the period under review, the import price, however, posted moderate growth. The growth pace was the most rapid in 2021 when the average import price increased by 504%. The import price peaked at $90,381 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,330,642 per ton), while the price for Belgium ($9,288 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+44.3%), while the prices for the other major suppliers experienced a decline.
Salts; Tungstates (Wolframates) Imports in Saudi Arabia
In 2022, the amount of salts; tungstates (wolframates) imported into Saudi Arabia surged to 45 kg, growing by 50% against 2021 figures. In general, imports, however, recorded a precipitous descent.
In value terms, salts; tungstates (wolframates) imports contracted to $2K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 49%.
| Import of Salts; Tungstates (Wolframates) in Saudi Arabia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 1,222 | 0% |
| India | 1,093 | 1,587 | 170 | 705 | -13.6% |
| Belgium | 44.0 | 109 | 43.0 | 48.0 | 2.9% |
| France | N/A | N/A | 14.0 | N/A | 0% |
| Others | N/A | N/A | 2,029 | 1.0 | -100.0% |
| Total | 1,137 | 1,696 | 2,256 | 1,976 | 20.2% |
Top Suppliers of Salts; Tungstates (Wolframates) to Saudi Arabia in 2022:
- India (39.0 kg)
- Belgium (5.0 kg)
- United Kingdom (1.0 kg)
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