Tungsten (Wolfram); Wire Price in Australia - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Australia (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Australia (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Australia
- Tungsten (Wolfram); Wire Exports in Australia
Tungsten (Wolfram); Wire Price in Australia (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $147,594 per ton, with an increase of 40% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 248%. As a result, import price reached the peak level of $312,778 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
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 the UK ($1,380,199 per ton), while the price for Hong Kong SAR ($63,779 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Australia (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $19,188 per ton, falling by -54.1% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 825%. Over the period under review, the average export prices reached the peak figure at $97,163 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($90,134 per ton), while the average price for exports to Fiji ($13,110 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 the Philippines (+13.4%), while the prices for the other major destinations experienced a decline.
Tungsten (Wolfram); Wire Imports in Australia
In 2022, approx. 536 kg of tungsten (wolfram); wires were imported into Australia; with a decrease of -59.7% on 2021 figures. Overall, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. As a result, imports reached the peak of 1.3 tons, and then fell dramatically in the following year.
In value terms, tungsten (wolfram); wire imports declined dramatically to $79K in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of $140K, and then contracted dramatically in the following year.
| Import of Tungsten (Wolfram); Wire in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 28.8 | 26.6 | -7.6% |
| United Kingdom | 18.8 | 11.4 | 24.2 | 20.0 | 2.1% |
| China | 58.4 | 34.6 | 22.1 | 14.8 | -36.7% |
| United States | 0.8 | 2.5 | 8.2 | 8.1 | 116.3% |
| Hungary | 13.8 | 14.9 | 11.3 | 3.7 | -35.5% |
| Sweden | N/A | 27.6 | N/A | 1.6 | -75.9% |
| Denmark | 4.8 | 5.1 | 7.6 | 1.2 | -37.0% |
| Hong Kong SAR | N/A | N/A | 2.3 | 0.8 | -65.2% |
| Germany | 10.1 | 0.8 | 31.1 | N/A | 75.5% |
| South Korea | 30.1 | 6.1 | N/A | N/A | -79.7% |
| Others | 1.4 | 7.7 | 4.6 | 2.3 | 18.0% |
| Total | 138 | 111 | 140 | 79.1 | -16.9% |
Top Suppliers of Tungsten (Wolfram); Wire to Australia in 2022:
- China (220.0 kg)
- India (197.0 kg)
- Hungary (47.0 kg)
- United States (26.0 kg)
- United Kingdom (14.0 kg)
- Hong Kong SAR (12.0 kg)
- Denmark (11.0 kg)
- Sweden (2.0 kg)
Tungsten (Wolfram); Wire Exports in Australia
In 2022, the amount of tungsten (wolfram); wires exported from Australia soared to 1.5 tons, increasing by 313% against the previous year. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 633%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, tungsten (wolfram); wire exports skyrocketed to $28K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 215% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Tungsten (Wolfram); Wire in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | N/A | N/A | N/A | 20.0 | 0% |
| South Africa | N/A | N/A | 1.5 | 3.2 | 113.3% |
| New Zealand | 13.4 | N/A | 10.3 | 1.3 | -54.1% |
| Fiji | N/A | N/A | N/A | 0.7 | 0% |
| Malaysia | 2.4 | N/A | 2.7 | N/A | 6.1% |
| New Caledonia | N/A | 4.8 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | 3.4 | 466.7% |
| Total | 15.9 | 4.8 | 15.0 | 28.4 | 21.3% |
Top Export Markets for Tungsten (Wolfram); Wire from Australia in 2022:
- Papua New Guinea (1340.0 kg)
- New Zealand (50.0 kg)
- Fiji (50.0 kg)
- South Africa (35.0 kg)
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