Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (CIF) - 2023
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (CIF) - 2023
In November 2023, the average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $45,741 per ton, picking up by 1.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 18% month-to-month. Over the period under review, average import prices reached the peak figure at $51,150 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($204K per ton), while the price for Austria ($43,780 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $71,043 per ton in 2022, with an increase of 41% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2017 an increase of 48%. The export price peaked at $89,494 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($99,846 per ton), while the average price for exports to Taiwan (Chinese) ($41,028 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 China (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan
Imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses into Japan surged to 493 tons in 2022, increasing by 82% compared with the previous year. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses skyrocketed to $24M in 2022. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 4.2 | 9.6 | 21.5 | 18.6% |
| Germany | 2.1 | 1.3 | 1.0 | 1.7 | -6.8% |
| Others | 0.8 | 0.8 | 0.7 | 0.7 | -4.4% |
| Total | 15.8 | 6.3 | 11.2 | 23.8 | 14.6% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to Japan in 2022:
- China (445.7 tons)
- Germany (39.4 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan
After three years of growth, overseas shipments of tungsten (wolfram); articles thereof, including waste and scrap, powderses decreased by -40.7% to 76 tons in 2022. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of 128 tons, and then fell notably in the following year.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses shrank notably to $5.4M in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $6.4M, and then contracted dramatically in the following year.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,071 | 2,391 | 1,948 | 2,397 | 5.0% |
| Vietnam | 798 | 1,059 | 2,123 | 1,469 | 22.6% |
| Taiwan (Chinese) | 138 | 163 | 1,043 | 581 | 61.5% |
| South Korea | 834 | 558 | 857 | 503 | -15.5% |
| Germany | 6.4 | 4.9 | 2.0 | 187 | 208.0% |
| Indonesia | 281 | 189 | 246 | 72.5 | -36.3% |
| China | 742 | 474 | 88.3 | 50.1 | -59.3% |
| Others | 98.1 | 151 | 138 | 141 | 12.9% |
| Total | 4,970 | 4,989 | 6,445 | 5,400 | 2.8% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from Japan in 2022:
- Vietnam (27.9 tons)
- United States (24.0 tons)
- Taiwan (Chinese) (14.2 tons)
- South Korea (5.7 tons)
- Germany (1.9 tons)
- China (0.7 tons)
- Indonesia (0.6 tons)
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