Price for Tungsten (Wolfram); Waste and Scrap in Pakistan - 2022
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in Pakistan (CIF) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in Pakistan (FOB) - 2022
- Imports of Tungsten (Wolfram); Waste and Scrap in Pakistan
- Exports of Tungsten (Wolfram); Waste and Scrap in Pakistan
Price for Tungsten (Wolfram); Waste and Scrap in Pakistan (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); waste and scraps amounted to $2,641 per ton, shrinking by -19.8% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of 72%. Over the period under review, average import prices reached the maximum at $6,080 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,314 per ton), while the price for Bahrain ($661 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (-4.4%), while the prices for the other major suppliers experienced a decline.
Price for Tungsten (Wolfram); Waste and Scrap in Pakistan (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $23,840 per ton, increasing by 81% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 106% against the previous year. The export price peaked at $27,504 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($34,067 per ton), while the average price for exports to the UK ($14,711 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 Germany (+5.6%), while the prices for the other major destinations experienced a decline.
Imports of Tungsten (Wolfram); Waste and Scrap in Pakistan
For the fourth consecutive year, Pakistan recorded growth in overseas purchases of tungsten (wolfram); waste and scraps, which increased by 169% to 933 tons in 2022. Over the period under review, imports posted 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 soared to $2.5M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Waste and Scrap in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,047 | 1,089 | 976 | 2,249 | 29.0% |
| Bahrain | 51.0 | 49.0 | 48.1 | 97.0 | 23.9% |
| United Kingdom | 26.5 | 30.4 | 40.7 | 94.5 | 52.8% |
| Philippines | N/A | N/A | 64.8 | N/A | 0% |
| Others | 11.6 | 32.4 | 11.4 | 23.3 | 26.2% |
| Total | 1,136 | 1,201 | 1,141 | 2,464 | 29.4% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to Pakistan in 2022:
- United States (678.7 tons)
- Bahrain (146.7 tons)
- United Kingdom (106.9 tons)
Exports of Tungsten (Wolfram); Waste and Scrap in Pakistan
In 2022, the amount of tungsten (wolfram); waste and scraps exported from Pakistan surged to 78 tons, picking up by 37% against 2021 figures. In general, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 522%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, tungsten (wolfram); waste and scrap exports skyrocketed to $1.9M in 2022. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 484% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Tungsten (Wolfram); Waste and Scrap in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 112 | 21.6 | 162 | 1,042 | 110.3% |
| United Kingdom | 468 | 91.4 | 568 | 499 | 2.2% |
| United States | 526 | 81.8 | 409 | 319 | -15.4% |
| Netherlands | 405 | N/A | N/A | N/A | 0% |
| Others | 8.0 | 0.2 | N/A | N/A | -97.5% |
| Total | 1,519 | 195 | 1,139 | 1,859 | 7.0% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from Pakistan in 2022:
- Germany (34.7 tons)
- United Kingdom (33.9 tons)
- United States (9.4 tons)
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