Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam - 2022
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (CIF) - 2022
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (CIF) - 2022
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $52,680 per ton in 2022, jumping by 16% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $65,180 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($52,719 per ton) and South Korea ($52,688 per ton), while the price for Japan ($52,678 per ton) and China ($52,680 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (FOB) - 2022
The average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $48,538 per ton in 2022, rising by 72% against the previous year. Overall, the export price, however, saw a slight shrinkage. Over the period under review, the average export prices reached the maximum at $54,081 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +17.2% per year.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam
In 2022, the amount of tungsten (wolfram); articles thereof, including waste and scrap, powderses imported into Vietnam surged to 88 tons, jumping by 22% against 2021. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses soared to $4.6M in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 71%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 798 | 934 | 1,960 | 1,696 | 28.6% |
| India | 959 | N/A | 309 | 1,366 | 12.5% |
| China | 1,692 | 646 | 786 | 1,364 | -6.9% |
| South Korea | 7.0 | 140 | 49.6 | 97.9 | 140.9% |
| United States | 32.1 | 170 | 65.6 | 55.2 | 19.8% |
| Others | 13.4 | 22.7 | 103 | 61.7 | 66.4% |
| Total | 3,501 | 1,913 | 3,273 | 4,641 | 9.9% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to Vietnam in 2022:
- Japan (32.2 tons)
- India (25.9 tons)
- China (25.9 tons)
- South Korea (1.9 tons)
- United States (1.0 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam
In 2022, approx. 1 tons of tungsten (wolfram); articles thereof, including waste and scrap, powderses were exported from Vietnam; shrinking by -98.4% on the year before. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 21%.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses dropped remarkably to $51K in 2022. Overall, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 47%.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 50.6 | 0% |
| South Korea | 498 | 5.7 | N/A | N/A | -98.9% |
| Japan | 203 | 190 | 59.1 | N/A | -46.0% |
| United States | 1,900 | 1,055 | 1,776 | N/A | -3.3% |
| Cambodia | 9.2 | 18.3 | N/A | N/A | 98.9% |
| Others | 10.8 | N/A | 24.9 | N/A | 51.8% |
| Total | 2,620 | 1,269 | 1,860 | 50.6 | -73.2% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from Vietnam in 2022:
- China (1.0 tons)
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