Salts; Tungstates (Wolframates) Price in the UK - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in the UK (CIF) - 2022
- Salts; Tungstates (Wolframates) Price in the UK (FOB) - 2022
- Salts; Tungstates (Wolframates) Imports in the UK
- Salts; Tungstates (Wolframates) Exports in the UK
Salts; Tungstates (Wolframates) Price in the UK (CIF) - 2022
The average salts; tungstates (wolframates) import price stood at $33,527 per ton in 2022, declining by -20.9% against the previous year. In general, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 48%. The import price peaked at $119,289 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($140,199 per ton), while the price for India ($24,251 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Price in the UK (FOB) - 2022
The average salts; tungstates (wolframates) export price stood at $131,586 per ton in 2022, surging by 29% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 123% against the previous year. The export price peaked at $150,116 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($541,106 per ton), while the average price for exports to Ireland ($28,144 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 Jordan (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Tungstates (Wolframates) Imports in the UK
After two years of decline, purchases abroad of salts; tungstates (wolframates) increased by 255% to 18 tons in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, salts; tungstates (wolframates) imports surged to $618K in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Salts; Tungstates (Wolframates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 166 | 105 | 104 | 560 | 50.0% |
| Australia | 62.9 | 49.3 | 45.9 | 26.2 | -25.3% |
| India | 16.2 | 47.3 | 37.6 | 24.3 | 14.5% |
| China | 125 | N/A | N/A | 4.0 | -68.3% |
| Japan | 17.1 | 8.1 | N/A | N/A | -52.6% |
| Italy | 39.7 | 7.7 | 28.1 | N/A | -15.9% |
| Others | 12.6 | 6.2 | 4.1 | 2.8 | -39.4% |
| Total | 440 | 223 | 220 | 618 | 12.0% |
Top Suppliers of Salts; Tungstates (Wolframates) to the UK in 2022:
- Germany (17.0 tons)
- India (1.0 tons)
- Australia (0.2 tons)
- China (0.1 tons)
Salts; Tungstates (Wolframates) Exports in the UK
Salts; tungstates (wolframates) exports from the UK soared to 90 kg in 2022, increasing by 463% against the previous year's figure. Overall, exports recorded prominent growth.
In value terms, salts; tungstates (wolframates) exports skyrocketed to $12K in 2022. Over the period under review, exports posted a significant increase.
| Export of Salts; Tungstates (Wolframates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 3.4 | 0% |
| Ukraine | N/A | N/A | N/A | 2.7 | 0% |
| Australia | N/A | N/A | N/A | 1.5 | 0% |
| Hong Kong SAR | N/A | N/A | 1.6 | 1.5 | -6.3% |
| South Korea | N/A | N/A | N/A | 1.1 | 0% |
| Ireland | 1.2 | 1.0 | N/A | 0.5 | -25.3% |
| Norway | 1.5 | 5.0 | N/A | N/A | 233.3% |
| Sri Lanka | N/A | 9.0 | N/A | N/A | 0% |
| Spain | 0.2 | N/A | N/A | N/A | 0% |
| Germany | 1.7 | 1.1 | N/A | N/A | -35.3% |
| Netherlands | 1.0 | 0.5 | N/A | N/A | -50.0% |
| United States | N/A | 3.6 | N/A | N/A | 0% |
| Iceland | N/A | 2.3 | N/A | N/A | 0% |
| Others | 0.6 | 2.3 | N/A | 1.1 | 22.4% |
| Total | 6.2 | 24.8 | 1.6 | 11.8 | 23.9% |
Top Export Markets for Salts; Tungstates (Wolframates) from the UK in 2022:
- Ukraine (26.0 kg)
- Hong Kong SAR (19.0 kg)
- Ireland (18.0 kg)
- Australia (14.0 kg)
- China (10.0 kg)
- South Korea (2.0 kg)
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