Price for Tungsten (Wolfram); Waste and Scrap in South Africa - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in South Africa (FOB) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in South Africa (CIF) - 2022
- Exports of Tungsten (Wolfram); Waste and Scrap in South Africa
- Imports of Tungsten (Wolfram); Waste and Scrap in South Africa
Price for Tungsten (Wolfram); Waste and Scrap in South Africa (FOB) - 2022
The average export price for tungsten (wolfram); waste and scraps stood at $23,079 per ton in 2022, with an increase of 19% against the previous year. Overall, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum at $27,505 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($27,191 per ton), while the average price for exports to the Netherlands ($4,969 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 Finland (+1.6%), while the prices for the other major destinations experienced a decline.
Price for Tungsten (Wolfram); Waste and Scrap in South Africa (CIF) - 2022
In 2022, the average import price for tungsten (wolfram); waste and scraps amounted to $10,132 per ton, reducing by -9% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 288%. The import price peaked at $29,030 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 UK ($27,012 per ton), while the price for Australia ($3,287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+150.7%), while the prices for the other major suppliers experienced a decline.
Exports of Tungsten (Wolfram); Waste and Scrap in South Africa
In 2022, the amount of tungsten (wolfram); waste and scraps exported from South Africa dropped to 282 tons, which is down by -7.8% compared with the previous year. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
In value terms, tungsten (wolfram); waste and scrap exports expanded sharply to $6.5M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Tungsten (Wolfram); Waste and Scrap in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.9 | 3.8 | 5.5 | 5.6 | 4.6% |
| Finland | 0.4 | N/A | N/A | 0.6 | 14.5% |
| Germany | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Taiwan (Chinese) | N/A | N/A | 0.4 | N/A | 0% |
| Netherlands | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 4.0 | 5.9 | 6.5 | 7.0% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from South Africa in 2022:
- United Kingdom (240.2 tons)
- Finland (20.8 tons)
- Germany (12.6 tons)
- Netherlands (8.0 tons)
Imports of Tungsten (Wolfram); Waste and Scrap in South Africa
In 2022, the amount of tungsten (wolfram); waste and scraps imported into South Africa surged to 43 tons, growing by 141% compared with 2021 figures. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 153%. As a result, imports attained the peak of 62 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tungsten (wolfram); waste and scrap imports surged to $437K in 2022. Over the period under review, imports showed a slight expansion. The growth pace was the most rapid in 2020 when imports increased by 169%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tungsten (Wolfram); Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 374 | 793 | 143 | 312 | -5.9% |
| Australia | 45.0 | 14.7 | 35.7 | 95.3 | 28.4% |
| China | N/A | 1.9 | N/A | N/A | 0% |
| Germany | N/A | 313 | N/A | N/A | 0% |
| Others | N/A | 2.3 | 19.7 | 29.0 | 255.1% |
| Total | 419 | 1,126 | 199 | 437 | 1.4% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to South Africa in 2022:
- Australia (29.0 tons)
- United Kingdom (11.6 tons)
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