Salts; Tungstates (Wolframates) Price in Japan - 2023

Contents:

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

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

In September 2023, the average salts; tungstates (wolframates) import price amounted to $28,580 per ton, with an increase of 2.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 5% against the previous month. Over the period under review, average import prices hit record highs at $30,293 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for Vietnam amounted to +0.9% per month.

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

In 2022, the average salts; tungstates (wolframates) export price amounted to $60,035 per ton, rising by 57% against the previous year. In general, the export price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 88%. Over the period under review, the average export prices attained the maximum at $95,009 per ton in 2020; however, from 2021 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 China ($455,762 per ton), while the average price for exports to Belgium ($41,856 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 China (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Tungstates (Wolframates) Imports in Japan

In 2022, approx. 1.2K tons of salts; tungstates (wolframates) were imported into Japan; rising by 14% on the previous year. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 32%.

In value terms, salts; tungstates (wolframates) imports soared to $36M in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (972.8 tons)
2. Vietnam (252.3 tons)

Salts; Tungstates (Wolframates) Exports in Japan

After three years of growth, overseas shipments of salts; tungstates (wolframates) decreased by -61.1% to 7.2 tons in 2022. In general, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports attained the peak of 18 tons, and then shrank markedly in the following year.

In value terms, salts; tungstates (wolframates) exports fell notably to $430K in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 83%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. South Korea (4.3 tons)
2. Indonesia (1.8 tons)
3. Belgium (0.3 tons)
4. Taiwan (Chinese) (0.2 tons)
5. China (0.2 tons)
6. United States (0.1 tons)

Source: IndexBox Market Intelligence Platform