Tungsten (Wolfram); Wire Price in Norway - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Norway (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Norway (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Norway
- Tungsten (Wolfram); Wire Exports in Norway
Tungsten (Wolfram); Wire Price in Norway (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $42,388 per ton in 2022, falling by -40.2% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 230%. As a result, import price attained the peak level of $140,317 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($167,652 per ton), while the price for China ($38,790 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Norway (FOB) - 2022
The average tungsten (wolfram); wire export price stood at $31,053 per ton in 2022, declining by -80.6% against the previous year. Over the period under review, the export price saw a mild decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,124% against the previous year. As a result, the export price reached the peak level of $160,000 per ton, and then reduced sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($429,635 per ton), while the average price for exports to Spain amounted to $12,958 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1,214.5%), while the prices for the other major destinations experienced mixed trend patterns.
Tungsten (Wolfram); Wire Imports in Norway
In 2022, after three years of growth, there was significant decline in purchases abroad of tungsten (wolfram); wires, when their volume decreased by -30.3% to 661 kg. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 32%.
In value terms, tungsten (wolfram); wire imports reduced sharply to $28K in 2022. Overall, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $67K, and then shrank notably in the following year.
| Import of Tungsten (Wolfram); Wire in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 17.3 | 23.8 | 18.3 | 25.8% |
| United Kingdom | 9.0 | 0.8 | 7.2 | 7.1 | -7.6% |
| Germany | 1.8 | 0.5 | N/A | 1.2 | -12.6% |
| United States | 17.7 | 24.8 | 31.5 | 0.1 | -82.2% |
| Hungary | 11.8 | 13.5 | 1.0 | N/A | -70.9% |
| Denmark | 3.1 | 0.1 | N/A | N/A | -96.8% |
| Others | 2.8 | 2.5 | 3.7 | 1.3 | -22.6% |
| Total | 55.4 | 59.4 | 67.2 | 28.0 | -20.3% |
Top Suppliers of Tungsten (Wolfram); Wire to Norway in 2022:
- China (471.0 kg)
- United Kingdom (166.0 kg)
- Germany (16.0 kg)
- United States (1.0 kg)
Tungsten (Wolfram); Wire Exports in Norway
In 2022, exports of tungsten (wolfram); wires from Norway skyrocketed to 302 kg, picking up by 2,920% compared with the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); wire exports surged to $9.4K in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Wire in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 3.8 | 0% |
| Germany | N/A | 0.4 | 1.4 | N/A | 250.0% |
| Sweden | 0.3 | 1.6 | N/A | N/A | 433.3% |
| Others | N/A | N/A | 0.2 | 5.5 | 2650.0% |
| Total | 0.3 | 2.0 | 1.6 | 9.4 | 215.3% |
Top Export Markets for Tungsten (Wolfram); Wire from Norway in 2022:
- Spain (297.0 kg)
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