Tungsten (Wolfram); Wire Price in India - 2023
Contents:
- Tungsten (Wolfram); Wire Price in India (CIF) - 2023
- Tungsten (Wolfram); Wire Price in India (FOB) - 2023
- Tungsten (Wolfram); Wire Imports in India
- Tungsten (Wolfram); Wire Exports in India
Tungsten (Wolfram); Wire Price in India (CIF) - 2023
In September 2023, the average tungsten (wolfram); wire import price amounted to $119K per ton, almost unchanged from the previous month. Over the period under review, the import price enjoyed a modest increase. The most prominent rate of growth was recorded in February 2023 an increase of 41% against the previous month. Over the period under review, average import prices attained the peak figure at $155K per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($172K per ton), while the price for China amounted to $67,928 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+1.0%).
Tungsten (Wolfram); Wire Price in India (FOB) - 2023
The average tungsten (wolfram); wire export price stood at $433K per ton in September 2023, approximately mirroring the previous month. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in April 2023 an increase of 36% month-to-month. Over the period under review, the average export prices reached the peak figure in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($677K per ton), while the average price for exports to Italy ($195K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in India
In 2022, approx. 101 tons of tungsten (wolfram); wires were imported into India; declining by -8.9% compared with the year before. Over the period under review, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports reached the peak of 111 tons, and then declined in the following year.
In value terms, tungsten (wolfram); wire imports rose to $9.5M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Tungsten (Wolfram); Wire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.9 | 3.0 | 4.5 | 4.7 | 17.5% |
| China | 4.7 | 3.5 | 4.3 | 4.4 | -2.2% |
| Singapore | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Total | 7.9 | 6.8 | 9.1 | 9.5 | 6.3% |
Top Suppliers of Tungsten (Wolfram); Wire to India in 2022:
- China (62.7 tons)
- Austria (32.5 tons)
- Singapore (3.8 tons)
Tungsten (Wolfram); Wire Exports in India
Tungsten (wolfram); wire exports from India reduced to 26 tons in 2022, declining by -5.5% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports attained the peak of 28 tons, and then reduced in the following year.
In value terms, tungsten (wolfram); wire exports totaled $6.6M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Tungsten (Wolfram); Wire in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 817 | 1,146 | 1,988 | 2,186 | 38.8% |
| Germany | 1,091 | 868 | 1,107 | 1,217 | 3.7% |
| Poland | 788 | 375 | 605 | 665 | -5.5% |
| Italy | 726 | 287 | 396 | 509 | -11.2% |
| United States | 148 | 191 | 410 | 451 | 45.0% |
| South Korea | 225 | 170 | 224 | 247 | 3.2% |
| Sweden | 194 | 158 | 221 | 243 | 7.8% |
| France | 181 | 179 | 204 | 224 | 7.4% |
| Switzerland | 194 | 131 | 162 | 176 | -3.2% |
| China | 98.2 | 91.3 | 126 | 139 | 12.3% |
| Austria | 174 | 60.5 | 59.4 | 106 | -15.2% |
| Others | 487 | 404 | 313 | 411 | -5.5% |
| Total | 5,123 | 4,060 | 5,815 | 6,574 | 8.7% |
Top Export Markets for Tungsten (Wolfram); Wire from India in 2022:
- Japan (9.3 tons)
- Germany (6.8 tons)
- Poland (2.1 tons)
- Italy (2.0 tons)
- South Korea (0.9 tons)
- France (0.8 tons)
- Sweden (0.8 tons)
- United States (0.7 tons)
- China (0.6 tons)
- Switzerland (0.6 tons)
- Austria (0.4 tons)
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