Salts; Tungstates (Wolframates) Price in Norway - 2023

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

In 2022, the average salts; tungstates (wolframates) import price amounted to $103,482 per ton, waning by -26.9% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 146% against the previous year. Over the period under review, average import prices reached the maximum at $431,010 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($139,327 per ton), while the price for Sweden ($13,857 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.7%), while the prices for the other major suppliers experienced a decline.

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

The average salts; tungstates (wolframates) export price stood at $19,400 per ton in 2022, reducing by -7% against the previous year. In general, the export price showed a mild decrease. The pace of growth was the most pronounced in 2013 an increase of 33%. As a result, the export price attained the peak level of $30,286 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -1.6% per year.

Salts; Tungstates (Wolframates) Imports in Norway

In 2022, approx. 190 kg of salts; tungstates (wolframates) were imported into Norway; jumping by 400% against 2021 figures. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salts; tungstates (wolframates) imports soared to $20K in 2022. In general, imports, however, faced a deep slump.

Import of Salts; Tungstates (Wolframates) in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	26.5	0.3	2.5	18.5	-11.3%
Sweden	0.8	0.7	0.4	0.7	-4.4%
Denmark	0.4	0.3	0.2	0.3	-9.1%
United Kingdom	1.5	3.7	2.2	N/A	21.1%
Others	0.4	0.5	0.1	0.2	-20.6%
Total	29.7	5.5	5.3	19.7	-12.8%

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

Germany (133.0 kg)
Sweden (50.0 kg)
Denmark (6.0 kg)

Salts; Tungstates (Wolframates) Exports in Norway

In 2022, shipments abroad of salts; tungstates (wolframates) increased by 18% to 40 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a drastic downturn.

In value terms, salts; tungstates (wolframates) exports rose remarkably to $776 in 2022. Overall, exports, however, showed a deep setback.