Salts; Tungstates (Wolframates) Price in Malaysia - 2021

Salts; Tungstates (Wolframates) Price in Malaysia (CIF) - 2022

In 2022, the average salts; tungstates (wolframates) import price amounted to $32,850 per ton, increasing by 24% against the previous year. Over the period under review, the import price showed mild growth. The growth pace was the most rapid in 2015 an increase of 150%. The import price peaked at $56,143 per ton in 2019; however, from 2020 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 Germany ($76,629 per ton), while the price for the United States ($8,540 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average salts; tungstates (wolframates) export price stood at $7,300 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 36%. The export price peaked at $16,000 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -7.5% per year.

Salts; Tungstates (Wolframates) Imports in Malaysia

In 2022, overseas purchases of salts; tungstates (wolframates) decreased by -1% to 2.3 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 135% against the previous year. As a result, imports reached the peak of 2.8 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, salts; tungstates (wolframates) imports skyrocketed to $75K in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of $89K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Salts; Tungstates (Wolframates) in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	25.6	11.4	29.2	35.6	11.6%
Singapore	29.4	11.4	14.6	15.8	-18.7%
United States	4.3	3.4	7.0	11.1	37.2%
China	5.5	5.3	7.7	9.5	20.0%
Japan	2.3	1.1	1.4	1.5	-13.3%
Philippines	N/A	55.5	N/A	N/A	0%
Others	1.0	0.7	0.9	1.3	9.1%
Total	68.1	88.8	60.8	74.8	3.2%

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

United States (1305.0 kg)
Germany (464.0 kg)
Singapore (330.0 kg)
China (131.0 kg)
Japan (33.0 kg)

Salts; Tungstates (Wolframates) Exports in Malaysia

After three years of growth, shipments abroad of salts; tungstates (wolframates) decreased by -8.3% to 100 kg in 2022. The total export volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of 109 kg, and then contracted in the following year.

In value terms, salts; tungstates (wolframates) exports fell to $730 in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year.