Tungsten (Wolfram); Wire Price in the United States - 2023
Contents:
- Tungsten (Wolfram); Wire Price in the United States (CIF) - 2022
- Tungsten (Wolfram); Wire Price in the United States (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in the United States
- Tungsten (Wolfram); Wire Exports in the United States
Tungsten (Wolfram); Wire Price in the United States (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $415,652 per ton, picking up by 15% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 50% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 Hungary ($623,394 per ton), while the price for China ($208,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in the United States (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $157,617 per ton, increasing by 4.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($640,785 per ton), while the average price for exports to Canada ($70,143 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 the Czech Republic (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in the United States
In 2022, approx. 34 tons of tungsten (wolfram); wires were imported into the United States; surging by 12% on the previous year. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, tungsten (wolfram); wire imports surged to $14M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +62.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.0 | 4.8 | 6.0 | 6.0 | 6.3% |
| Hungary | 0.3 | 1.0 | 1.2 | 2.9 | 113.0% |
| China | 1.6 | 0.8 | 1.5 | 1.9 | 5.9% |
| India | 0.2 | 0.2 | 0.5 | 1.3 | 86.6% |
| Czech Republic | 0.8 | 0.7 | 0.7 | 0.8 | 0.0% |
| Germany | 0.5 | 0.4 | 0.3 | 0.5 | 0.0% |
| Sweden | 0.8 | 0.4 | 0.7 | 0.4 | -20.6% |
| Others | 0.6 | 0.5 | 0.2 | 0.5 | -5.9% |
| Total | 9.9 | 8.8 | 11.0 | 14.3 | 13.0% |
Top Suppliers of Tungsten (Wolfram); Wire to the United States in 2022:
- Japan (10.5 tons)
- China (9.0 tons)
- Hungary (4.6 tons)
- Czech Republic (3.2 tons)
- India (2.3 tons)
- Germany (2.3 tons)
- Sweden (1.0 tons)
Tungsten (Wolfram); Wire Exports in the United States
In 2022, shipments abroad of tungsten (wolfram); wires was finally on the rise to reach 78 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a dramatic decrease.
In value terms, tungsten (wolfram); wire exports skyrocketed to $12M in 2022. Over the period under review, exports, however, recorded a deep setback.
| Export of Tungsten (Wolfram); Wire in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 1.7 | 1.8 | 3.3 | 5.7 | 49.7% |
| France | 0.1 | 0.1 | 0.1 | 1.1 | 122.4% |
| United Kingdom | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
| Mexico | 17.8 | 14.3 | 0.5 | 0.8 | -64.4% |
| China | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Germany | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Japan | 0.5 | 0.3 | 0.2 | 0.4 | -7.2% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| India | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Ireland | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Canada | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| South Korea | 0.6 | 0.2 | 0.3 | 0.1 | -45.0% |
| Others | 0.7 | 0.7 | 0.9 | 1.2 | 19.7% |
| Total | 22.7 | 18.8 | 7.3 | 12.3 | -18.5% |
Top Export Markets for Tungsten (Wolfram); Wire from the United States in 2022:
- Costa Rica (33.3 tons)
- France (7.7 tons)
- United Kingdom (7.0 tons)
- Mexico (6.1 tons)
- China (4.2 tons)
- Japan (3.0 tons)
- Germany (2.7 tons)
- Canada (2.0 tons)
- India (1.9 tons)
- Singapore (1.8 tons)
- Ireland (1.4 tons)
- South Korea (0.7 tons)
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