Price for Tungsten (Wolfram); Waste and Scrap in Finland - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Finland (CIF) - 2023
- Price for Tungsten (Wolfram); Waste and Scrap in Finland (FOB) - 2022
- Imports of Tungsten (Wolfram); Waste and Scrap in Finland
- Exports of Tungsten (Wolfram); Waste and Scrap in Finland
Price for Tungsten (Wolfram); Waste and Scrap in Finland (CIF) - 2023
The average import price for tungsten (wolfram); waste and scraps stood at $27,115 per ton in July 2023, remaining stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 4.8% against the previous month. Over the period under review, average import prices hit record highs at $28,857 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($27,679 per ton), while the price for Germany ($26,623 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Waste and Scrap in Finland (FOB) - 2022
The average export price for tungsten (wolfram); waste and scraps stood at $27,578 per ton in 2022, rising by 14% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2014 an increase of 245%. As a result, the export price reached the peak level of $29,143 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($28,345 per ton), while the average price for exports to Sweden ($22,656 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 Sweden (+45.0%), while the prices for the other major destinations experienced a decline.
Imports of Tungsten (Wolfram); Waste and Scrap in Finland
Tungsten (wolfram); waste and scrap imports into Finland was estimated at 2.1K tons in 2022, flattening at 2021. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +67.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, tungsten (wolfram); waste and scrap imports soared to $63M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Tungsten (Wolfram); Waste and Scrap in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.4 | 7.4 | 19.9 | 34.0 | 36.4% |
| United States | 6.9 | 6.5 | 17.5 | 18.7 | 39.4% |
| Czech Republic | 3.0 | 3.2 | 3.8 | 5.0 | 18.6% |
| United Kingdom | 4.3 | 2.7 | 4.0 | 4.0 | -2.4% |
| India | 1.3 | 1.3 | 0.5 | N/A | -38.0% |
| Others | 3.1 | 2.3 | 1.3 | 1.3 | -25.1% |
| Total | 32.0 | 23.4 | 46.9 | 63.0 | 25.3% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Finland in 2022:
- Germany (1112.0 tons)
- United States (620.8 tons)
- Czech Republic (165.4 tons)
- United Kingdom (137.1 tons)
Exports of Tungsten (Wolfram); Waste and Scrap in Finland
In 2022, shipments abroad of tungsten (wolfram); waste and scraps was finally on the rise to reach 88 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a perceptible reduction.
In value terms, tungsten (wolfram); waste and scrap exports soared to $2.4M in 2022. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Waste and Scrap in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 1,160 | 864 | 1,973 | 30.4% |
| United States | 2,039 | 71.1 | 358 | 436 | -40.2% |
| Czech Republic | N/A | 209 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 23.0 | 0% |
| Total | 2,039 | 1,440 | 1,222 | 2,432 | 6.1% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Finland in 2022:
- Germany (69.6 tons)
- United States (17.5 tons)
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