Price for Tungsten (Wolfram); Waste and Scrap in Mexico - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Mexico (FOB) - 2023
- Exports of Tungsten (Wolfram); Waste and Scrap in Mexico
Price for Tungsten (Wolfram); Waste and Scrap in Mexico (FOB) - 2023
The average export price for tungsten (wolfram); waste and scraps stood at $21,643 per ton in June 2023, waning by -9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 an increase of 25% against the previous month. Over the period under review, the average export prices attained the peak figure at $23,791 per ton in May 2023, and then dropped in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From July 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -0.5% per month.
Exports of Tungsten (Wolfram); Waste and Scrap in Mexico
In 2022, exports of tungsten (wolfram); waste and scraps from Mexico reduced slightly to 384 tons, falling by -2% on 2021. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 31%.
In value terms, tungsten (wolfram); waste and scrap exports rose remarkably to $7.8M in 2022. Over the period under review, total exports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Tungsten (Wolfram); Waste and Scrap in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.5 | 4.5 | 7.1 | 7.8 | 1.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 4.5 | 7.1 | 7.8 | 1.3% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Mexico in 2022:
- United States (383.8 tons)
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