Salts; Tungstates (Wolframates) Price in Italy - 2023

Salts; Tungstates (Wolframates) Price in Italy (CIF) - 2022

The average salts; tungstates (wolframates) import price stood at $70,848 per ton in 2022, rising by 49% against the previous year. In general, the import price continues to indicate a moderate expansion. The growth pace was the most rapid in 2021 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.2% per year.

Salts; Tungstates (Wolframates) Price in Italy (FOB) - 2022

The average salts; tungstates (wolframates) export price stood at $51,241 per ton in 2022, surging by 21% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The export price peaked at $73,048 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($103,286 per ton), while the average price for exports to Germany ($45,871 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 Slovenia (+37.7%), while the prices for the other major destinations experienced mixed trend patterns.

Salts; Tungstates (Wolframates) Imports in Italy

In 2022, the amount of salts; tungstates (wolframates) imported into Italy soared to 12 tons, picking up by 50% against the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts; tungstates (wolframates) imports surged to $885K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Salts; Tungstates (Wolframates) in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	270	315	353	880	48.3%
India	10.6	5.5	30.8	N/A	70.5%
Others	3.5	1.4	11.9	4.8	11.1%
Total	284	322	395	885	46.1%

Top Suppliers of Salts; Tungstates (Wolframates) to Italy in 2022:

Germany (12.4 tons)

Salts; Tungstates (Wolframates) Exports in Italy

In 2022, shipments abroad of salts; tungstates (wolframates) decreased by -12% to 2.8 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 206% against the previous year. As a result, the exports reached the peak of 3.1 tons, and then dropped in the following year.

In value terms, salts; tungstates (wolframates) exports rose rapidly to $141K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 187%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Salts; Tungstates (Wolframates) in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	11.0	23.5	89.9	94.0	104.4%
France	2.2	N/A	10.8	20.8	111.5%
Slovenia	N/A	8.2	2.8	7.7	-3.1%
Spain	N/A	1.0	0.6	6.4	153.0%
United Kingdom	6.8	N/A	23.7	4.4	-13.5%
Tunisia	N/A	N/A	N/A	2.8	0%
Others	4.1	13.6	5.0	5.3	8.9%
Total	24.1	46.3	133	141	80.2%