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China - Tungsten - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: May 20, 2023

Tungsten Price in China Grows Slightly to $40.0 per kg

China Tungsten Export Price in March 2023

In March 2023, the tungsten price stood at $40,020 per ton (FOB, China), approximately mirroring the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 4.5% m-o-m. The export price peaked at $44,728 per ton in May 2022; however, from June 2022 to March 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In March 2023, the highest price was recorded for prices to the UK ($40,900 per ton) and the United States ($40,600 per ton), while the average price for exports to Japan ($39,269 per ton) and Russia ($39,702 per ton) were amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.5%), while the prices for the other major destinations experienced a decline.

COUNTRY	Export Price of Tungsten in China (USD per ton)
COUNTRY	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
United Kingdom	N/A	45,800	45,400	41,000	43,668	N/A	40,950	N/A	38,800	37,246	40,863	40,500	40,900
United States	44,300	45,359	45,847	45,696	46,200	43,000	39,784	40,479	39,519	40,850	40,364	39,869	40,600
Netherlands	45,500	N/A	44,093	N/A	N/A	42,800	42,475	38,000	41,077	36,500	N/A	N/A	40,500
Russia	N/A	N/A	N/A	N/A	N/A	N/A	41,364	N/A	N/A	36,227	42,228	N/A	39,702
Japan	41,931	42,698	44,295	42,673	41,154	40,978	41,129	40,760	38,833	37,403	38,608	39,241	39,269
Average	42,831	44,042	44,728	44,275	42,407	42,394	41,572	40,397	39,345	38,212	39,937	39,736	40,020

China Tungsten Exports

In March 2023, approximately 134 tons of tungsten were exported from China; growing by 11% on the month before. In general, total exports indicated tangible growth from March 2022 to March 2023: its volume increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +27.1% against January 2023 indices. The growth pace was the most rapid in April 2022 with an increase of 66% against the previous month.

In value terms, tungsten exports expanded rapidly to $5.3M (IndexBox estimates) in March 2023. Overall, total exports indicated a temperate expansion from March 2022 to March 2023: its value increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports decreased by -4.4% against December 2022 indices. The pace of growth appeared the most rapid in April 2022 when exports increased by 71% month-to-month. As a result, the exports reached the peak of $6M. From May 2022 to March 2023, the growth of the exports remained at a somewhat lower figure.

China Tungsten Exports by Country

Japan (76 tons) was the main destination for tungsten exports from China, accounting for a 57% share of total exports. Moreover, tungsten exports to Japan exceeded the volume sent to the second major destination, the United States (15 tons), fivefold. The Netherlands (12 tons) ranked third in terms of total exports with a 9.2% share.

From March 2022 to March 2023, the average monthly growth rate of volume to Japan stood at +3.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+1.9% per month) and the Netherlands (+1.7% per month).

In value terms, Japan ($3M) emerged as the key foreign market for tungsten exports from China, comprising 56% of total exports. The second position in the ranking was held by the United States ($609K), with an 11% share of total exports. It was followed by the Netherlands, with a 9.3% share.

From March 2022 to March 2023, the average monthly growth rate of value to Japan stood at +3.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+1.1% per month) and the Netherlands (+0.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tungsten market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

China - Tungsten - Market Analysis, Forecast, Size, Trends And Insights

Tungsten Price in China Grows Slightly to $40.0 per kg

China Tungsten Export Price in March 2023

China Tungsten Exports

China Tungsten Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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