Salts; Tungstates (Wolframates) Price in Spain - 2023

Contents:

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

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

In 2022, the average salts; tungstates (wolframates) export price amounted to $15,097 per ton, picking up by 39% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 149% against the previous year. Over the period under review, the average export prices reached the peak figure at $108,140 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -15.7% per year.

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

The average salts; tungstates (wolframates) import price stood at $40,499 per ton in 2022, growing by 2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum at $42,038 per ton in 2016; however, from 2017 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 Italy ($51,075 per ton), while the price for China ($23,601 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Salts; Tungstates (Wolframates) Exports in Spain

In 2022, after three years of growth, there was significant decline in shipments abroad of salts; tungstates (wolframates), when their volume decreased by -82.5% to 49 tons. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 38,311%.

In value terms, salts; tungstates (wolframates) exports reduced notably to $740K in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 7,152% against the previous year.

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

1. China (49.0 tons)

Salts; Tungstates (Wolframates) Imports in Spain

Salts; tungstates (wolframates) imports into Spain surged to 7.1 tons in 2022, jumping by 82% compared with 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 187% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, salts; tungstates (wolframates) imports skyrocketed to $286K in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 296%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Germany (5.1 tons)
2. India (1.0 tons)
3. China (0.8 tons)
4. Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform