Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (FOB) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (CIF) - 2022
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $17,971 per ton in 2022, waning by -65.1% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 704%. Over the period under review, the average export prices hit record highs at $94,650 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($133,750 per ton), while the average price for exports to Malaysia ($750 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 Vietnam (+71.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $113,826 per ton in 2022, jumping by 141% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($117,588 per ton), while the price for China stood at $43,484 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+78.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR
After two years of decline, shipments abroad of tungsten (wolfram); articles thereof, including waste and scrap, powderses increased by 19,230% to 22 tons in 2022. Overall, exports, however, recorded a abrupt contraction.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses soared to $396K in 2022. Over the period under review, exports, however, faced a sharp setback.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 899 | 461 | 5.3 | 350 | -27.0% |
| Vietnam | 10.5 | 9.7 | N/A | 26.8 | 36.7% |
| Malaysia | N/A | N/A | N/A | 14.2 | 0% |
| South Korea | 98.0 | 0.3 | N/A | N/A | -99.7% |
| Philippines | 136 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.6 | 5.1 | 750.0% |
| Total | 1,143 | 470 | 5.9 | 396 | -29.8% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from Hong Kong SAR in 2022:
- Malaysia (18.9 tons)
- China (2.9 tons)
- Vietnam (0.2 tons)
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas purchases of tungsten (wolfram); articles thereof, including waste and scrap, powderses, when their volume increased by 545% to 3.1 tons. In general, imports, however, recorded a sharp descent.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses surged to $348K in 2022. Overall, imports, however, showed a drastic downturn.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 398 | 213 | 4.2 | 341 | -5.0% |
| China | 8.1 | 5.3 | 18.2 | 6.7 | -6.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 407 | 219 | 22.3 | 348 | -5.1% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to Hong Kong SAR in 2022:
- United States (2.9 tons)
- China (0.2 tons)
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