Salts; Tungstates (Wolframates) Price in Belgium - 2023

Contents:

1. Salts; Tungstates (Wolframates) Price in Belgium (CIF) - 2023
2. Salts; Tungstates (Wolframates) Price in Belgium (FOB) - 2022
3. Salts; Tungstates (Wolframates) Imports in Belgium
4. Salts; Tungstates (Wolframates) Exports in Belgium

Salts; Tungstates (Wolframates) Price in Belgium (CIF) - 2023

In August 2023, the average salts; tungstates (wolframates) import price amounted to $31,746 per ton, waning by -2.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 311% month-to-month. As a result, import price reached the peak level of $133K per ton. From October 2022 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($249K per ton), while the price for China amounted to $31,720 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+18.6%).

Salts; Tungstates (Wolframates) Price in Belgium (FOB) - 2022

The average salts; tungstates (wolframates) export price stood at $29,959 per ton in 2022, waning by -43.2% against the previous year. Overall, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 158% against the previous year. As a result, the export price reached the peak level of $52,754 per ton, and then shrank dramatically in the following year.

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 France ($254,441 per ton), while the average price for exports to the Netherlands ($16,550 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 France (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Tungstates (Wolframates) Imports in Belgium

Salts; tungstates (wolframates) imports into Belgium expanded notably to 452 tons in 2022, picking up by 14% compared with the year before. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, salts; tungstates (wolframates) imports soared to $15M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Salts; Tungstates (Wolframates) to Belgium in 2022:

1. China (369.8 tons)
2. Germany (67.6 tons)
3. India (9.5 tons)
4. Vietnam (5.0 tons)

Salts; Tungstates (Wolframates) Exports in Belgium

In 2022, approx. 16 tons of salts; tungstates (wolframates) were exported from Belgium; jumping by 189% on the year before. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 31,541%. As a result, the exports reached the peak of 419 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, salts; tungstates (wolframates) exports skyrocketed to $494K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 18,796% against the previous year. As a result, the exports reached the peak of $8.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Salts; Tungstates (Wolframates) from Belgium in 2022:

1. Netherlands (14.0 tons)
2. Germany (1.6 tons)
3. France (0.4 tons)
4. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform