Tungsten (Wolfram); Wire Price in Ethiopia - 2022
Contents:
Tungsten (Wolfram); Wire Price in Ethiopia (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $24,718 per ton in 2022, increasing by 22% against the previous year. In general, the import price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $56,591 per ton. From 2014 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 China ($27,245 per ton), while the price for Portugal ($9,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.0%).
Tungsten (Wolfram); Wire Imports in Ethiopia
In 2022, the amount of tungsten (wolfram); wires imported into Ethiopia skyrocketed to 933 kg, picking up by 7,675% on 2021 figures. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); wire imports surged to $23K in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.1 | 0.2 | 21.3 | 497.2% |
| Portugal | N/A | N/A | N/A | 1.1 | 0% |
| Netherlands | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 0.3 | 0.2 | 0.2 | 23.1 | 325.4% |
Top Suppliers of Tungsten (Wolfram); Wire to Ethiopia in 2022:
- China (783.0 kg)
- Portugal (119.0 kg)
- Netherlands (21.0 kg)
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