Salts; Tungstates (Wolframates) Price in Thailand - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in Thailand (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in Thailand
Salts; Tungstates (Wolframates) Price in Thailand (CIF) - 2022
In 2022, the average salts; tungstates (wolframates) import price amounted to $115,248 per ton, rising by 11% against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 73%. The import price peaked at $186,418 per ton in 2019; however, from 2020 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 Australia ($250,871 per ton), while the price for Japan ($42,285 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced a decline.
Salts; Tungstates (Wolframates) Imports in Thailand
Salts; tungstates (wolframates) imports into Thailand reduced to 286 kg in 2022, waning by -10.6% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of 320 kg, and then reduced in the following year.
In value terms, salts; tungstates (wolframates) imports declined slightly to $33K in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 14%.
| Import of Salts; Tungstates (Wolframates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.4 | 17.0 | 10.2 | 16.5 | -12.2% |
| Australia | 8.4 | 5.7 | 10.9 | 7.8 | -2.4% |
| Japan | 4.8 | 3.2 | 10.8 | 7.3 | 15.0% |
| China | N/A | N/A | N/A | 0.9 | 0% |
| Austria | 4.2 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 3.2 | 1.3 | 0.4 | -44.2% |
| Total | 44.2 | 29.1 | 33.2 | 33.0 | -9.3% |
Top Suppliers of Salts; Tungstates (Wolframates) to Thailand in 2022:
- Japan (172.0 kg)
- Germany (73.0 kg)
- Australia (31.0 kg)
- China (7.0 kg)
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