Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (CIF) - 2022
In December 2022, the average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $37,873 per ton, picking up by 2.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 32% against the previous month. The import price peaked at $42,360 per ton in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($89,147 per ton), while the price for China totaled $37,570 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.6%).
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $48,098 per ton in December 2022, declining by -7.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in October 2022 when the average export price increased by 49% against the previous month. As a result, the export price reached the peak level of $60,002 per ton. From November 2022 to December 2022, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In December 2022, the country with the highest price was India ($48,995 per ton), while the average price for exports to the United States totaled $47,865 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea
In 2022, supplies from abroad of tungsten (wolfram); articles thereof, including waste and scrap, powderses decreased by -8.1% to 989 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped in the following year.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses reached $39M in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 21.8 | 35.3 | 36.9 | 27.7% |
| Japan | 0.8 | 0.5 | 0.8 | 1.1 | 11.2% |
| Others | 1.8 | 1.1 | 1.0 | 1.2 | -12.6% |
| Total | 20.3 | 23.4 | 37.0 | 39.3 | 24.6% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to South Korea in 2022:
- China (953.4 tons)
- Japan (21.0 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea
In 2022, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses from South Korea dropped notably to 238 tons, reducing by -27.5% against 2021 figures. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 2.6%.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses shrank to $12M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 8.1 | 8.5 | 8.9 | 13.4% |
| India | 2.0 | 1.7 | 2.1 | 2.0 | 0.0% |
| Canada | 0.8 | 0.6 | 0.2 | 0.5 | -14.5% |
| Switzerland | 0.2 | 0.2 | 0.6 | 0.3 | 14.5% |
| China | 0.1 | 1.0 | 1.0 | 0.2 | 26.0% |
| Germany | 0.3 | N/A | 0.2 | 0.2 | -12.6% |
| Philippines | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 0.6 | 0.2 | -26.3% |
| Total | 10.2 | 12.0 | 13.2 | 12.3 | 6.4% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from South Korea in 2022:
- United States (171.0 tons)
- India (40.0 tons)
- Canada (10.0 tons)
- Switzerland (6.0 tons)
- Germany (4.0 tons)
- China (3.6 tons)
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