Tungsten (Wolfram); Wire Price in Bulgaria - 2023
Contents:
Tungsten (Wolfram); Wire Price in Bulgaria (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $225,501 per ton, picking up by 5.2% against the previous year. Overall, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2016 an increase of 153% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($931,912 per ton), while the price for Slovenia ($102,413 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Bulgaria
In 2022, the amount of tungsten (wolfram); wires imported into Bulgaria expanded significantly to 266 kg, increasing by 9.5% on 2021 figures. Over the period under review, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 336 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tungsten (wolfram); wire imports skyrocketed to $60K in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.7 | 3.6 | 21.1 | 26.1 | 234.1% |
| China | 10.4 | 26.2 | 17.5 | 26.1 | 35.9% |
| Slovenia | N/A | N/A | N/A | 6.9 | 0% |
| Czech Republic | 39.7 | 17.5 | 11.4 | N/A | -46.4% |
| Others | 5.9 | 4.3 | 2.1 | 1.0 | -44.7% |
| Total | 56.7 | 51.5 | 52.1 | 60.0 | 1.9% |
Top Suppliers of Tungsten (Wolfram); Wire to Bulgaria in 2022:
- China (167.0 kg)
- Slovenia (67.0 kg)
- United States (28.0 kg)
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