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China - Tungsten - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTungsten Price in China - 2023
Contents:
- Tungsten Price in China (FOB) - 2022
- Tungsten Price in China (CIF) - 2022
- Tungsten Exports in China
- Tungsten Imports in China
Tungsten Price in China (FOB) - 2022
The average tungsten export price stood at $42,039 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 89%. The export price peaked at $68,062 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($43,486 per ton) and the Netherlands ($42,328 per ton), while the average price for exports to Russia ($38,795 per ton) and the UK ($40,679 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten Price in China (CIF) - 2022
The average tungsten import price stood at $210,744 per ton in 2022, jumping by 50% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($336,925 per ton), while the price for the United States ($50,472 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Tungsten Exports in China
In 2022, the amount of tungsten exported from China soared to 1.2K tons, rising by 19% against the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, tungsten exports surged to $50M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Tungsten in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 23.0 | 15.2 | 24.0 | 27.1 | 5.6% |
United States | 6.7 | 5.4 | 6.0 | 12.3 | 22.4% |
Netherlands | 3.2 | 0.5 | 2.1 | 5.3 | 18.3% |
United Kingdom | 2.6 | 0.9 | 1.9 | 2.6 | 0.0% |
Singapore | N/A | N/A | N/A | 0.8 | 0% |
Russia | 0.7 | 0.5 | 1.7 | 0.8 | 4.6% |
Estonia | 1.9 | 1.6 | 0.2 | N/A | -67.6% |
Others | 1.1 | 0.5 | 2.4 | 1.6 | 13.3% |
Total | 39.2 | 24.6 | 38.4 | 50.5 | 8.8% |
Top Export Markets for Tungsten from China in 2022:
- Japan (656.5 tons)
- United States (284.0 tons)
- Netherlands (125.0 tons)
- United Kingdom (63.9 tons)
- Russia (20.0 tons)
- Singapore (18.0 tons)
Tungsten Imports in China
In 2022, overseas purchases of tungsten increased by 23% to 1.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic setback.
In value terms, tungsten imports surged to $278K in 2022. Over the period under review, imports, however, saw a dramatic contraction.
Import of Tungsten in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 214 | 275 | 93.5 | 133 | -14.7% |
Germany | 54.2 | 47.4 | 43.1 | 63.0 | 5.1% |
United States | 1.7 | 2.1 | 11.0 | 1.8 | 1.9% |
Russia | 289 | 24.3 | N/A | N/A | -91.6% |
Austria | 32.6 | 28.0 | N/A | N/A | -14.1% |
United Kingdom | N/A | 69.1 | N/A | N/A | 0% |
Others | 2.4 | 7.2 | 3.1 | 79.3 | 220.9% |
Total | 594 | 453 | 151 | 278 | -22.4% |
Top Suppliers of Tungsten to China in 2022:
- Japan (1021.0 kg)
- Germany (187.0 kg)
- United States (36.0 kg)
This report provides an in-depth analysis of the tungsten market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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