Salts; Tungstates (Wolframates) Price in South Africa - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in South Africa (CIF) - 2022
- Salts; Tungstates (Wolframates) Price in South Africa (FOB) - 2022
- Salts; Tungstates (Wolframates) Imports in South Africa
- Salts; Tungstates (Wolframates) Exports in South Africa
Salts; Tungstates (Wolframates) Price in South Africa (CIF) - 2022
The average salts; tungstates (wolframates) import price stood at $35,808 per ton in 2022, growing by 8.9% against the previous year. Overall, the import price, however, showed a deep reduction. The growth pace was the most rapid in 2014 when the average import price increased by 58%. As a result, import price attained the peak level of $100,884 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($221,508 per ton), while the price for China stood at $33,638 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.8%).
Salts; Tungstates (Wolframates) Price in South Africa (FOB) - 2022
In 2022, the average salts; tungstates (wolframates) export price amounted to $4,092 per ton, increasing by 28% against the previous year. Overall, the export price, however, showed a sharp setback. The growth pace was the most rapid in 2015 when the average export price increased by 88% against the previous year. The export price peaked at $85,241 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Angola.
From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +37.2% per year.
Salts; Tungstates (Wolframates) Imports in South Africa
In 2022, approx. 9.2 tons of salts; tungstates (wolframates) were imported into South Africa; reducing by -25.9% compared with the previous year's figure. In general, imports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 23%.
In value terms, salts; tungstates (wolframates) imports plummeted to $328K in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.
Import of Salts; Tungstates (Wolframates) in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 517 | 290 | 339 | 303 | -16.3% |
Germany | 52.6 | 10.6 | 24.7 | 18.2 | -29.8% |
Others | 55.2 | 3.4 | 42.9 | 7.0 | -49.8% |
Total | 625 | 304 | 406 | 328 | -19.3% |
Top Suppliers of Salts; Tungstates (Wolframates) to South Africa in 2022:
- China (9.0 tons)
- Germany (0.1 tons)
Salts; Tungstates (Wolframates) Exports in South Africa
Salts; tungstates (wolframates) exports from South Africa skyrocketed to 12 tons in 2022, increasing by 651% on the previous year. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 40,550%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, salts; tungstates (wolframates) exports surged to $50K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,949% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Salts; Tungstates (Wolframates) in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Angola | N/A | N/A | 5.2 | 46.8 | 800.0% |
Others | 2.2 | 0.2 | N/A | 3.1 | 12.1% |
Total | 2.2 | 0.2 | 5.2 | 50.0 | 183.3% |
Top Export Markets for Salts; Tungstates (Wolframates) from South Africa in 2022:
- Angola (12.2 tons)
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