Tungsten (Wolfram); Wire Price in Iraq - 2022
Contents:
Tungsten (Wolfram); Wire Price in Iraq (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $57,525 per ton, jumping by 190% against the previous year. Overall, the import price recorded a resilient increase. Over the period under review, average import prices hit record highs at $69,000 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($65,600 per ton), while the price for the United Arab Emirates ($10,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Tungsten (Wolfram); Wire Imports in Iraq
For the fourth consecutive year, Iraq recorded growth in purchases abroad of tungsten (wolfram); wires, which increased by 153% to 76 kg in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 267% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, tungsten (wolfram); wire imports soared to $2.3K in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 448%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.0 | 189 | 580 | 1,640 | 234.0% |
| Turkey | 19.0 | 132 | 7.0 | 568 | 210.4% |
| Netherlands | N/A | N/A | 69.0 | 51.0 | -26.1% |
| United Arab Emirates | 6.0 | 57.0 | 257 | 42.0 | 91.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 69.0 | 378 | 913 | 2,301 | 221.9% |
Top Suppliers of Tungsten (Wolfram); Wire to Iraq in 2022:
- Turkey (45.0 kg)
- China (25.0 kg)
- United Arab Emirates (4.0 kg)
- Netherlands (2.0 kg)
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