Price for Tungsten (Wolfram); Waste and Scrap in Finland - 2023

Contents:

  1. Price for Tungsten (Wolfram); Waste and Scrap in Finland (CIF) - 2023
  2. Price for Tungsten (Wolfram); Waste and Scrap in Finland (FOB) - 2022
  3. Imports of Tungsten (Wolfram); Waste and Scrap in Finland
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Germany13.47.419.934.036.4%
United States6.96.517.518.739.4%
Czech Republic3.03.23.85.018.6%
United Kingdom4.32.74.04.0-2.4%
India1.31.30.5N/A-38.0%
Others3.12.31.31.3-25.1%
Total32.023.446.963.025.3%

Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Finland in 2022:

  1. Germany (1112.0 tons)
  2. United States (620.8 tons)
  3. Czech Republic (165.4 tons)
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/A1,1608641,97330.4%
United States2,03971.1358436-40.2%
Czech RepublicN/A209N/AN/A0%
OthersN/AN/AN/A23.00%
Total2,0391,4401,2222,4326.1%

Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Finland in 2022:

  1. Germany (69.6 tons)
  2. United States (17.5 tons)

Source: IndexBox Market Intelligence Platform

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