Tungsten (Wolfram); Wire Price in Tanzania - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Tanzania (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Tanzania (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Tanzania
- Tungsten (Wolfram); Wire Exports in Tanzania
Tungsten (Wolfram); Wire Price in Tanzania (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $14,713 per ton in 2022, jumping by 49% against the previous year. In general, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 1,042% against the previous year. As a result, import price reached the peak level of $17,069 per ton. From 2017 to 2022, the average 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 South Africa ($12,700 per ton), while the price for India ($3,636 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Tungsten (Wolfram); Wire Price in Tanzania (FOB) - 2022
In 2021, the average tungsten (wolfram); wire export price amounted to $769 per ton, remaining constant against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $22,000 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2017 to 2021, the rate of growth in terms of prices for Zambia amounted to +520.2% per year.
Tungsten (Wolfram); Wire Imports in Tanzania
In 2022, the amount of tungsten (wolfram); wires imported into Tanzania skyrocketed to 2.6 tons, picking up by 1,477% on the previous year's figure. Overall, imports enjoyed a resilient expansion.
In value terms, tungsten (wolfram); wire imports soared to $16K in 2022. Over the period under review, imports continue to indicate a significant expansion.
| Import of Tungsten (Wolfram); Wire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 15.4 | 0.6 | 9.5 | 62.8% |
| South Africa | 2.2 | 4.6 | 0.5 | 5.5 | 35.7% |
| Netherlands | 0.6 | 0.6 | N/A | 0.2 | -30.7% |
| Hong Kong SAR | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Kenya | 0.9 | N/A | N/A | N/A | 0% |
| India | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Others | 0.2 | 1.0 | 0.1 | 0.5 | 35.7% |
| Total | 6.6 | 22.1 | 1.3 | 15.8 | 33.8% |
Top Suppliers of Tungsten (Wolfram); Wire to Tanzania in 2022:
- China (2069.0 kg)
- South Africa (436.0 kg)
- Netherlands (42.0 kg)
- Hong Kong SAR (27.0 kg)
- India (11.0 kg)
Tungsten (Wolfram); Wire Exports in Tanzania
Tungsten (wolfram); wire exports from Tanzania stood at 6.2 tons in 2021, approximately mirroring the previous year's figure. Over the period under review, exports posted significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, tungsten (wolfram); wire exports stood at $4.8K in 2021. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.
| Export of Tungsten (Wolfram); Wire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Democratic Republic of the Congo | 0.1 | N/A | 4.8 | 592.8% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.1 | N/A | 4.8 | 592.8% | |
Top Export Markets for Tungsten (Wolfram); Wire from Tanzania in 2022:
- Democratic Republic of the Congo (6.3 tons)
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