Salts; Tungstates (Wolframates) Price in Russia - 2022

Contents:

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

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

In 2022, the average salts; tungstates (wolframates) import price amounted to $27,730 per ton, increasing by 34% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 130%. The import price peaked at $38,707 per ton in 2013; however, from 2014 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 India ($57,323 per ton), while the price for China amounted to $25,955 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+84.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average salts; tungstates (wolframates) export price stood at $65,196 per ton in 2022, growing by 174% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +12.2% per year.

Salts; Tungstates (Wolframates) Imports in Russia

In 2022, the amount of salts; tungstates (wolframates) imported into Russia declined notably to 21 tons, shrinking by -62% on the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8,503% against the previous year. As a result, imports attained the peak of 55 tons, and then reduced sharply in the following year.

In value terms, salts; tungstates (wolframates) imports fell dramatically to $580K in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 6,347% against the previous year. As a result, imports reached the peak of $1.1M, and then dropped markedly in the following year.

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

1. China (19.7 tons)
2. India (1.2 tons)

Salts; Tungstates (Wolframates) Exports in Russia

In 2022, after three years of growth, there was significant decline in overseas shipments of salts; tungstates (wolframates), when their volume decreased by -71.7% to 12 tons. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 93%.

In value terms, salts; tungstates (wolframates) exports shrank remarkably to $793K in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year. As a result, the exports reached the peak of $1M, and then declined rapidly in the following year.

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

1. Kazakhstan (12.2 tons)

Source: IndexBox Market Intelligence Platform