Price for Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR (FOB) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR (CIF) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR
- Imports of Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR
Price for Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $8,588 per ton, waning by -77.2% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 2,636% against the previous year. As a result, the export price reached the peak level of $37,732 per ton, and then dropped remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($42,456 per ton), while the average price for exports to Malaysia ($2,829 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 the UK (-0.4%), while the prices for the other major destinations experienced a decline.
Price for Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR (CIF) - 2022
The average import price for tungsten (wolfram); waste and scraps stood at $34,862 per ton in 2022, standing approx. at the previous year. In general, the import price, however, posted a temperate expansion. The growth pace was the most rapid in 2019 when the average import price increased by 266% against the previous year. The import price peaked at $54,045 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($44,247 per ton), while the price for South Korea totaled $32,615 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+35.6%), while the prices for the other major suppliers experienced a decline.
Exports of Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR
In 2022, tungsten (wolfram); waste and scrap exports from Hong Kong SAR skyrocketed to 106 tons, with an increase of 1,392% on 2021. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,478%. As a result, the exports attained the peak of 140 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, tungsten (wolfram); waste and scrap exports skyrocketed to $911K in 2022. In general, exports saw a significant 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 Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 216 | 598 | 176.9% |
| Malaysia | N/A | N/A | N/A | 256 | 0% |
| South Korea | N/A | 40.9 | N/A | N/A | 0% |
| Vietnam | N/A | 153 | N/A | N/A | 0% |
| Netherlands | 156 | N/A | N/A | N/A | 0% |
| Others | 18.2 | N/A | 52.6 | 56.8 | 46.1% |
| Total | 174 | 194 | 268 | 911 | 73.6% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Hong Kong SAR in 2022:
- Malaysia (90.5 tons)
- United States (14.1 tons)
Imports of Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR
In 2022, approx. 14 tons of tungsten (wolfram); waste and scraps were imported into Hong Kong SAR; with an increase of 201% against 2021 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); waste and scrap imports skyrocketed to $480K in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 363 | 0% |
| China | 82.4 | 103 | 57.7 | 118 | 12.7% |
| Taiwan (Chinese) | N/A | N/A | 103 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 82.4 | 103 | 161 | 480 | 79.9% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Hong Kong SAR in 2022:
- South Korea (11.1 tons)
- China (2.7 tons)
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