Price for Tungsten (Wolfram); Waste and Scrap in Singapore - 2022
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Singapore (CIF) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in Singapore (FOB) - 2022
- Imports of Tungsten (Wolfram); Waste and Scrap in Singapore
- Exports of Tungsten (Wolfram); Waste and Scrap in Singapore
Price for Tungsten (Wolfram); Waste and Scrap in Singapore (CIF) - 2022
In September 2022, the average import price for tungsten (wolfram); waste and scraps amounted to $15,461 per ton, reducing by -31.8% against the previous month. Over the period under review, the import price continues to indicate a slight reduction. The growth pace was the most rapid in January 2022 when the average import price increased by 97% m-o-m. As a result, import price attained the peak level of $37,882 per ton. From February 2022 to September 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($34,568 per ton), while the price for New Zealand ($6,424 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Waste and Scrap in Singapore (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $20,013 per ton, surging by 2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the peak figure at $28,927 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 the UK ($38,645 per ton), while the average price for exports to Japan ($16,463 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 UK (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Waste and Scrap in Singapore
In 2022, imports of tungsten (wolfram); waste and scraps into Singapore contracted significantly to 518 tons, declining by -28.8% compared with 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 321% against the previous year. As a result, imports reached the peak of 727 tons, and then shrank remarkably in the following year.
In value terms, tungsten (wolfram); waste and scrap imports stood at $11M in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 441%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Tungsten (Wolfram); Waste and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.7 | 356 | 3,967 | 7,095 | 478.2% |
| Indonesia | 224 | 48.9 | 742 | 1,327 | 80.9% |
| Australia | 399 | 200 | 547 | 978 | 34.8% |
| South Korea | 504 | 379 | 6.8 | 524 | 1.3% |
| Malaysia | 2.6 | 505 | 58.0 | 334 | 404.6% |
| China | 54.5 | 273 | 181 | 324 | 81.2% |
| Hong Kong SAR | N/A | N/A | 51.3 | N/A | 0% |
| Russia | 44.9 | N/A | N/A | N/A | 0% |
| Japan | N/A | N/A | 4,682 | N/A | 0% |
| Others | 303 | 206 | 405 | 84.8 | -34.6% |
| Total | 1,568 | 1,967 | 10,640 | 10,666 | 89.5% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Singapore in 2022:
- Germany (302.0 tons)
- Australia (75.7 tons)
- Malaysia (48.8 tons)
- Indonesia (38.3 tons)
- South Korea (31.4 tons)
- China (16.2 tons)
Exports of Tungsten (Wolfram); Waste and Scrap in Singapore
In 2022, approx. 402 tons of tungsten (wolfram); waste and scraps were exported from Singapore; growing by 3.6% against the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 234%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, tungsten (wolfram); waste and scrap exports expanded sharply to $8M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 408% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Tungsten (Wolfram); Waste and Scrap in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 547 | 516 | 5,635 | 6,263 | 125.4% |
| Japan | 64.0 | 161 | 1,240 | 1,378 | 178.2% |
| United Kingdom | 479 | 164 | 116 | 277 | -16.7% |
| United States | 113 | 69.2 | 86.0 | 97.9 | -4.7% |
| Russia | 472 | 274 | N/A | N/A | -41.9% |
| Vietnam | 109 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 474 | N/A | 0% |
| Others | 26.0 | 307 | 33.2 | 29.3 | 4.1% |
| Total | 1,811 | 1,492 | 7,585 | 8,046 | 64.4% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Singapore in 2022:
- Germany (303.5 tons)
- Japan (83.7 tons)
- United Kingdom (7.2 tons)
- United States (3.9 tons)
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