Tungsten (Wolfram); Wire Price in Singapore - 2022
Contents:
- Tungsten (Wolfram); Wire Price in Singapore (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Singapore (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Singapore
- Tungsten (Wolfram); Wire Exports in Singapore
Tungsten (Wolfram); Wire Price in Singapore (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $449,477 per ton in 2022, surging by 39% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 174%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 the United States ($632,693 per ton), while the price for Hungary ($89,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Singapore (FOB) - 2022
The average tungsten (wolfram); wire export price stood at $132,569 per ton in 2022, falling by -43.4% against the previous year. In general, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 139% against the previous year. The export price peaked at $234,355 per ton in 2021, and then fell remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($124,869 per ton), while the average price for exports to South Korea ($46,755 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Singapore
In 2022, after two years of decline, there was significant growth in supplies from abroad of tungsten (wolfram); wires, when their volume increased by 28% to 2.6 tons. Overall, imports, however, showed a deep setback.
In value terms, tungsten (wolfram); wire imports skyrocketed to $1.2M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 140 | 233 | 391 | 644 | 66.3% |
| United States | 102 | 127 | 83.5 | 174 | 19.5% |
| Japan | 66.6 | 90.3 | 75.3 | 129 | 24.7% |
| China | 21.3 | 43.0 | 34.2 | 56.3 | 38.3% |
| Germany | 83.0 | 5.9 | 9.0 | 55.4 | -12.6% |
| Malaysia | 10.2 | 1.9 | 7.4 | 12.1 | 5.9% |
| Hungary | 2.2 | 5.3 | 0.1 | 4.3 | 25.0% |
| Others | 46.7 | 31.0 | 47.1 | 77.5 | 18.4% |
| Total | 472 | 537 | 647 | 1,152 | 34.6% |
Top Suppliers of Tungsten (Wolfram); Wire to Singapore in 2022:
- Sweden (1207.0 kg)
- China (567.0 kg)
- Japan (337.0 kg)
- United States (274.0 kg)
- Malaysia (77.0 kg)
- Hungary (48.0 kg)
- Germany (27.0 kg)
Tungsten (Wolfram); Wire Exports in Singapore
In 2022, overseas shipments of tungsten (wolfram); wires increased by 128% to 6 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a prominent increase. 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 $799K in 2022. Overall, exports, however, recorded a drastic downturn.
| Export of Tungsten (Wolfram); Wire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 204 | 177 | 160 | 175 | -5.0% |
| China | 163 | 122 | 45.0 | 105 | -13.6% |
| Indonesia | 132 | 104 | 23.0 | 82.3 | -14.6% |
| Australia | 128 | 49.7 | 51.0 | 73.4 | -16.9% |
| Vietnam | 67.0 | 52.2 | 64.5 | 66.1 | -0.4% |
| Thailand | 65.4 | 34.0 | 54.8 | 56.1 | -5.0% |
| Malaysia | 25.4 | 41.1 | 31.6 | 32.4 | 8.5% |
| New Zealand | 25.0 | 12.1 | 24.8 | 25.4 | 0.5% |
| South Korea | 39.6 | 24.4 | 13.1 | 24.7 | -14.6% |
| Others | 149 | 91.2 | 152 | 159 | 2.2% |
| Total | 997 | 707 | 620 | 799 | -7.1% |
Top Export Markets for Tungsten (Wolfram); Wire from Singapore in 2022:
- Indonesia (1680.0 kg)
- India (1398.0 kg)
- Australia (611.0 kg)
- South Korea (529.0 kg)
- Thailand (484.0 kg)
- Malaysia (454.0 kg)
- New Zealand (292.0 kg)
- China (177.0 kg)
- Vietnam (126.0 kg)
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