Price for Tungsten (Wolfram); Waste and Scrap in the UK - 2023
Contents:
- Price for Tungsten (Wolfram); Waste and Scrap in the UK (FOB) - 2022
- Price for Tungsten (Wolfram); Waste and Scrap in the UK (CIF) - 2023
- Exports of Tungsten (Wolfram); Waste and Scrap in the UK
- Imports of Tungsten (Wolfram); Waste and Scrap in the UK
Price for Tungsten (Wolfram); Waste and Scrap in the UK (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); waste and scraps amounted to $10,876 per ton, dropping by -41.4% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $25,946 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($27,774 per ton), while the average price for exports to Greece ($215 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 (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Tungsten (Wolfram); Waste and Scrap in the UK (CIF) - 2023
In June 2023, the average import price for tungsten (wolfram); waste and scraps amounted to $30,165 per ton, which is down by -5.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 28% month-to-month. Over the period under review, average import prices reached the peak figure at $34,030 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($42,853 per ton), while the price for France ($20,465 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tungsten (Wolfram); Waste and Scrap in the UK
Tungsten (wolfram); waste and scrap exports from the UK skyrocketed to 3K tons in 2022, growing by 85% on the previous year's figure. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); waste and scrap exports rose markedly to $33M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +87.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 73%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.6 | 5.3 | 8.5 | 12.9 | 19.3% |
| Finland | 4.3 | 3.2 | 9.6 | 3.3 | -8.4% |
| United States | 3.8 | 2.1 | 3.0 | 2.6 | -11.9% |
| Netherlands | 0.1 | N/A | 1.1 | 2.0 | 171.4% |
| Hong Kong SAR | N/A | N/A | N/A | 1.8 | 0% |
| China | N/A | 0.1 | N/A | 1.7 | 312.3% |
| Austria | 0.1 | N/A | 2.1 | 1.6 | 152.0% |
| Pakistan | N/A | N/A | N/A | 1.3 | 0% |
| Japan | 1.4 | 1.0 | 2.0 | 1.1 | -7.7% |
| Thailand | N/A | N/A | N/A | 0.7 | 0% |
| Greece | N/A | N/A | N/A | N/A | 0% |
| Others | 7.5 | 5.8 | 4.3 | 4.0 | -18.9% |
| Total | 24.9 | 17.6 | 30.5 | 33.1 | 10.0% |
Top Export Markets for Tungsten (Wolfram); Waste and Scrap from the UK in 2022:
- Pakistan (740.6 tons)
- Germany (566.1 tons)
- Hong Kong SAR (405.8 tons)
- Thailand (371.4 tons)
- China (232.6 tons)
- Finland (121.5 tons)
- Greece (104.0 tons)
- United States (92.6 tons)
- Netherlands (77.5 tons)
- Japan (71.0 tons)
- Austria (69.6 tons)
Imports of Tungsten (Wolfram); Waste and Scrap in the UK
In 2022, purchases abroad of tungsten (wolfram); waste and scraps was finally on the rise to reach 953 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep reduction.
In value terms, tungsten (wolfram); waste and scrap imports soared to $26M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 2.0 | 5.3 | 6.0 | 17.5% |
| South Africa | 5.3 | 5.0 | 4.2 | 5.7 | 2.5% |
| Germany | 4.9 | 3.2 | 3.3 | 3.6 | -9.8% |
| United States | 1.9 | 1.6 | 2.8 | 3.0 | 16.4% |
| Austria | 2.8 | 2.9 | 2.0 | 2.2 | -7.7% |
| Japan | N/A | N/A | N/A | 1.7 | 0% |
| South Korea | N/A | 0.4 | 0.9 | 1.0 | 58.1% |
| France | 1.9 | 1.4 | 0.3 | 0.7 | -28.3% |
| Israel | N/A | 0.5 | 0.4 | 0.6 | 9.5% |
| Others | 3.8 | 0.8 | 1.5 | 1.8 | -22.0% |
| Total | 24.2 | 17.8 | 20.6 | 26.3 | 2.8% |
Top Suppliers of Tungsten (Wolfram); Waste and Scrap to the UK in 2022:
- South Africa (253.7 tons)
- China (147.4 tons)
- United States (129.3 tons)
- Germany (128.6 tons)
- Japan (73.0 tons)
- Austria (54.8 tons)
- France (35.4 tons)
- Israel (27.9 tons)
- South Korea (27.4 tons)
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