Salts; Tungstates (Wolframates) Price in Switzerland - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in Switzerland (CIF) - 2022
- Salts; Tungstates (Wolframates) Price in Switzerland (FOB) - 2022
- Salts; Tungstates (Wolframates) Imports in Switzerland
- Salts; Tungstates (Wolframates) Exports in Switzerland
Salts; Tungstates (Wolframates) Price in Switzerland (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $131,853 per ton, jumping by 109% against the previous year. Overall, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($150,389 per ton), while the price for the United States ($57,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Tungstates (Wolframates) Price in Switzerland (FOB) - 2022
In 2022, the average salts; tungstates (wolframates) export price amounted to $346,375 per ton, with an increase of 30% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; tungstates (wolframates) export price increased by +118.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,043,531 per ton), while the average price for exports to India ($163,361 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 South Korea (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Imports in Switzerland
In 2022, the amount of salts; tungstates (wolframates) imported into Switzerland fell significantly to 681 kg, reducing by -75.8% on 2021 figures. Over the period under review, imports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year.
In value terms, salts; tungstates (wolframates) imports dropped remarkably to $90K in 2022. Overall, imports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 18%.
| Import of Salts; Tungstates (Wolframates) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 212 | 101 | 117 | 79.3 | -27.9% |
| United States | 2.8 | 2.0 | 49.2 | 6.3 | 31.0% |
| United Kingdom | 0.2 | 0.6 | 0.2 | 2.1 | 119.0% |
| India | 25.8 | 44.5 | 11.3 | 1.3 | -63.1% |
| Others | 6.7 | 3.4 | 0.4 | 0.8 | -50.8% |
| Total | 247 | 151 | 178 | 89.8 | -28.6% |
Top Suppliers of Salts; Tungstates (Wolframates) to Switzerland in 2022:
- Germany (527.0 kg)
- United States (111.0 kg)
- United Kingdom (33.0 kg)
- India (6.0 kg)
Salts; Tungstates (Wolframates) Exports in Switzerland
In 2022, shipments abroad of salts; tungstates (wolframates) decreased by -40.5% to 178 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year. As a result, the exports reached the peak of 321 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, salts; tungstates (wolframates) exports shrank rapidly to $62K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 56%. As a result, the exports reached the peak of $79K, and then declined notably in the following year.
| Export of Salts; Tungstates (Wolframates) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.6 | 17.5 | 11.0 | 34.1 | 32.7% |
| Germany | 23.0 | 23.6 | 26.2 | 14.3 | -14.7% |
| South Korea | 1.8 | 7.0 | 35.8 | 8.1 | 65.1% |
| United Kingdom | 0.7 | 1.0 | N/A | 4.2 | 81.7% |
| India | 0.8 | 1.5 | 3.1 | 0.5 | -14.5% |
| France | 0.9 | 0.3 | 3.2 | 0.5 | -17.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 41.9 | 50.9 | 79.4 | 61.6 | 13.7% |
Top Export Markets for Salts; Tungstates (Wolframates) from Switzerland in 2022:
- United States (80.0 kg)
- Germany (65.0 kg)
- United Kingdom (19.0 kg)
- South Korea (8.0 kg)
- India (3.0 kg)
- France (3.0 kg)
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