Tungsten (Wolfram); Wire Price in Japan - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Japan (FOB) - 2023
- Tungsten (Wolfram); Wire Price in Japan (CIF) - 2023
- Tungsten (Wolfram); Wire Exports in Japan
- Tungsten (Wolfram); Wire Imports in Japan
Tungsten (Wolfram); Wire Price in Japan (FOB) - 2023
In September 2023, the average tungsten (wolfram); wire export price amounted to $1.1M per ton, dropping by -2.9% against the previous month. In general, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, tungsten (wolfram); wire export price increased by +3.5% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 70% month-to-month. The export price peaked at $1.1M per ton in August 2023, and then fell modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($2.8M per ton), while the average price for exports to South Korea ($228K 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 Taiwan (Chinese) (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Japan (CIF) - 2023
In September 2023, the average tungsten (wolfram); wire import price amounted to $176K per ton, rising by 30% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in June 2023 an increase of 32% m-o-m. Over the period under review, average import prices hit record highs in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($250K per ton), while the price for Austria ($143K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Exports in Japan
In 2022, exports of tungsten (wolfram); wires from Japan contracted remarkably to 21 tons, declining by -20.5% on the previous year's figure. Overall, exports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 27 tons, and then shrank notably in the following year.
In value terms, tungsten (wolfram); wire exports declined to $16M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $17M, and then declined in the following year.
| Export of Tungsten (Wolfram); Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.1 | 4.8 | 5.9 | 5.8 | 4.4% |
| Thailand | 0.8 | 1.6 | 2.2 | 2.5 | 46.2% |
| China | 1.4 | 1.7 | 1.9 | 1.9 | 10.7% |
| Hong Kong SAR | 2.1 | 1.4 | 2.1 | 1.7 | -6.8% |
| Philippines | 0.7 | 0.5 | 0.7 | 0.9 | 8.7% |
| Vietnam | 0.8 | 0.5 | 0.9 | 0.9 | 4.0% |
| Taiwan (Chinese) | 0.8 | 0.7 | 0.9 | 0.7 | -4.4% |
| Germany | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
| South Korea | 0.7 | 0.4 | 0.6 | 0.3 | -24.6% |
| Belgium | 0.2 | 0.3 | 0.3 | 0.1 | -20.6% |
| Poland | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.8 | 0.7 | 0.9 | 0.7 | -4.4% |
| Total | 14.1 | 13.5 | 17.0 | 15.9 | 4.1% |
Top Export Markets for Tungsten (Wolfram); Wire from Japan in 2022:
- United States (6.8 tons)
- China (3.0 tons)
- Hong Kong SAR (2.9 tons)
- Thailand (2.3 tons)
- Vietnam (1.9 tons)
- South Korea (1.3 tons)
- Germany (0.8 tons)
- Taiwan (Chinese) (0.7 tons)
- Philippines (0.6 tons)
- Belgium (0.3 tons)
- Poland (0.1 tons)
Tungsten (Wolfram); Wire Imports in Japan
In 2022, the amount of tungsten (wolfram); wires imported into Japan fell to 55 tons, waning by -9.2% compared with the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 88%. As a result, imports reached the peak of 60 tons, and then dropped in the following year.
In value terms, tungsten (wolfram); wire imports declined to $7.3M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of $7.8M, and then fell in the following year.
| Import of Tungsten (Wolfram); Wire in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.9 | 5.2 | 4.6 | 9.5% |
| India | 0.9 | 1.2 | 2.1 | 2.1 | 32.6% |
| Austria | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Others | 1.1 | 0.3 | 0.2 | 0.4 | -28.6% |
| Total | 5.7 | 4.5 | 7.8 | 7.3 | 8.6% |
Top Suppliers of Tungsten (Wolfram); Wire to Japan in 2022:
- China (43.4 tons)
- India (9.7 tons)
- Austria (1.1 tons)
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