Price for Tungsten (Wolfram); Waste and Scrap in Brazil - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Brazil (FOB) - 2023
- Exports of Tungsten (Wolfram); Waste and Scrap in Brazil
Price for Tungsten (Wolfram); Waste and Scrap in Brazil (FOB) - 2023
The average export price for tungsten (wolfram); waste and scraps stood at $22,618 per ton in July 2023, increasing by 7.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 42% month-to-month. The export price peaked at $24,993 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Austria ($24,208 per ton), while the average price for exports to Germany totaled $20,357 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (0.0%), while the prices for the other major destinations experienced a decline.
Exports of Tungsten (Wolfram); Waste and Scrap in Brazil
Tungsten (wolfram); waste and scrap exports from Brazil skyrocketed to 250 tons in 2022, with an increase of 37% against 2021 figures. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); waste and scrap exports surged to $5.2M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Tungsten (Wolfram); Waste and Scrap in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 599 | 705 | 1,286 | 2,038 | 50.4% |
| United States | 1,074 | 30.6 | 576 | 1,738 | 17.4% |
| Germany | 510 | 385 | 1,144 | 1,150 | 31.1% |
| Singapore | N/A | N/A | N/A | 261 | 0% |
| Australia | 342 | N/A | N/A | 17.6 | -62.8% |
| China | N/A | N/A | N/A | 2.2 | 0% |
| Hong Kong SAR | N/A | 208 | 8.3 | N/A | -96.0% |
| Taiwan (Chinese) | 67.8 | 355 | N/A | N/A | 423.6% |
| Others | N/A | 67.1 | 170 | 5.3 | -71.9% |
| Total | 2,592 | 1,751 | 3,183 | 5,212 | 26.2% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Brazil in 2022:
- United States (89.1 tons)
- Austria (82.5 tons)
- Germany (56.7 tons)
- Singapore (14.1 tons)
- China (4.3 tons)
- Australia (0.7 tons)
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