Salts; Tungstates (Wolframates) Price in China - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in China (FOB) - 2022
- Salts; Tungstates (Wolframates) Price in China (CIF) - 2023
- Salts; Tungstates (Wolframates) Exports in China
- Salts; Tungstates (Wolframates) Imports in China
Salts; Tungstates (Wolframates) Price in China (FOB) - 2022
The average salts; tungstates (wolframates) export price stood at $29,361 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $35,452 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($30,960 per ton) and Germany ($30,545 per ton), while the average price for exports to Vietnam ($26,056 per ton) and the Netherlands ($28,687 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Price in China (CIF) - 2023
The average salts; tungstates (wolframates) import price stood at $19,097 per ton in September 2023, waning by -9.2% against the previous month. In general, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in January 2023 when the average import price increased by 9.2% against the previous month. As a result, import price attained the peak level of $23,540 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($19,722 per ton), while the price for Vietnam stood at $10,171 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+10.3%), while the prices for the other major suppliers experienced a decline.
Salts; Tungstates (Wolframates) Exports in China
Salts; tungstates (wolframates) exports from China expanded to 4.5K tons in 2022, with an increase of 1.7% compared with the previous year. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year.
In value terms, salts; tungstates (wolframates) exports surged to $131M in 2022. Overall, exports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 109%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Salts; Tungstates (Wolframates) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 48.8 | 11.2 | 46.6 | 43.8 | -3.5% |
| United States | 25.2 | 19.5 | 18.8 | 37.6 | 14.3% |
| Japan | 31.3 | 14.1 | 22.7 | 29.6 | -1.8% |
| Denmark | N/A | 2.9 | 1.7 | 6.5 | 49.7% |
| Germany | 3.1 | 3.0 | 14.7 | 6.1 | 25.3% |
| Russia | N/A | N/A | 0.8 | 2.8 | 250.0% |
| Vietnam | 4.9 | 0.9 | 1.5 | 2.1 | -24.6% |
| Others | 5.3 | 1.7 | 4.4 | 2.5 | -22.2% |
| Total | 119 | 53.3 | 111 | 131 | 3.3% |
Top Export Markets for Salts; Tungstates (Wolframates) from China in 2022:
- Netherlands (1526.2 tons)
- United States (1256.1 tons)
- Japan (1002.8 tons)
- Denmark (220.0 tons)
- Germany (200.4 tons)
- Russia (91.0 tons)
- Vietnam (80.0 tons)
Salts; Tungstates (Wolframates) Imports in China
Salts; tungstates (wolframates) imports into China surged to 1.7K tons in 2022, increasing by 32% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of 2.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, salts; tungstates (wolframates) imports soared to $39M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Salts; Tungstates (Wolframates) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 11.3 | 8.4 | 6.2 | 19.4 | 19.7% |
| United States | 2.5 | 2.6 | 2.6 | 4.6 | 22.5% |
| Vietnam | 10.2 | 18.5 | 4.6 | 1.2 | -51.0% |
| Others | 4.0 | 3.6 | 11.3 | 14.1 | 52.2% |
| Total | 27.9 | 33.0 | 24.7 | 39.3 | 12.1% |
Top Suppliers of Salts; Tungstates (Wolframates) to China in 2022:
- Philippines (858.2 tons)
- Vietnam (90.7 tons)
- United States (87.5 tons)
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