Salts; Tungstates (Wolframates) Price in New Zealand - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in New Zealand (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in New Zealand
Salts; Tungstates (Wolframates) Price in New Zealand (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $351,427 per ton, surging by 36% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 54%. As a result, import price reached the peak level of $453,500 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($377,519 per ton), while the price for Australia stood at $337,195 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Imports in New Zealand
After three years of growth, supplies from abroad of salts; tungstates (wolframates) decreased by -26.1% to 34 kg in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports attained the peak of 46 kg, and then plummeted in the following year.
In value terms, salts; tungstates (wolframates) imports amounted to $12K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Salts; Tungstates (Wolframates) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.5 | 3.8 | 5.0 | 7.4 | 70.2% |
| Germany | 1.0 | 0.8 | 3.8 | 4.5 | 65.1% |
| United States | 1.1 | 0.3 | 2.0 | N/A | 34.8% |
| India | 1.5 | 2.4 | 0.9 | N/A | -22.5% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 5.1 | 7.3 | 11.9 | 11.9 | 32.6% |
Top Suppliers of Salts; Tungstates (Wolframates) to New Zealand in 2022:
- Australia (22.0 kg)
- Germany (12.0 kg)
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