Tungsten (Wolfram); Wire Price in Turkey - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Turkey (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Turkey (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Turkey
- Tungsten (Wolfram); Wire Exports in Turkey
Tungsten (Wolfram); Wire Price in Turkey (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $171,956 per ton in 2022, waning by -4.2% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 an increase of 12%. Over the period under review, average import prices reached the peak figure at $217,945 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 China ($169,640 per ton), while the price for Hungary amounted to $54,588 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced a decline.
Tungsten (Wolfram); Wire Price in Turkey (FOB) - 2022
The average tungsten (wolfram); wire export price stood at $65,238 per ton in 2022, increasing by 833% against the previous year. In general, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($84,786 per ton), while the average price for exports to Turkmenistan amounted to $25,235 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.
Tungsten (Wolfram); Wire Imports in Turkey
In 2022, imports of tungsten (wolfram); wires into Turkey surged to 10 tons, increasing by 24% against 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tungsten (wolfram); wire imports skyrocketed to $1.7M in 2022. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.8 | 1.3 | 1.6 | 21.1% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 1.0 | 0.9 | 1.4 | 1.7 | 19.3% |
Top Suppliers of Tungsten (Wolfram); Wire to Turkey in 2022:
- China (9.7 tons)
Tungsten (Wolfram); Wire Exports in Turkey
In 2022, approx. 105 kg of tungsten (wolfram); wires were exported from Turkey; with a decrease of -96.4% on 2021. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 13,241%. As a result, the exports attained the peak of 2.9 tons, and then shrank markedly in the following year.
In value terms, tungsten (wolfram); wire exports reduced rapidly to $6.8K in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 5,270%. As a result, the exports attained the peak of $21K, and then fell remarkably in the following year.
| Export of Tungsten (Wolfram); Wire in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | N/A | N/A | N/A | 5.9 | 0% |
| Turkmenistan | N/A | N/A | N/A | 0.9 | 0% |
| Romania | N/A | N/A | 20.3 | N/A | 0% |
| Others | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| Total | 0.5 | 0.4 | 20.5 | 6.8 | 138.7% |
Top Export Markets for Tungsten (Wolfram); Wire from Turkey in 2022:
- Azerbaijan (70.0 kg)
- Turkmenistan (34.0 kg)
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