Salts; Tungstates (Wolframates) Price in the United States - 2023
Contents:
- Salts; Tungstates (Wolframates) Price in the United States (CIF) - 2023
- Salts; Tungstates (Wolframates) Price in the United States (FOB) - 2022
- Salts; Tungstates (Wolframates) Imports in the United States
- Salts; Tungstates (Wolframates) Exports in the United States
Salts; Tungstates (Wolframates) Price in the United States (CIF) - 2023
In September 2023, the average salts; tungstates (wolframates) import price amounted to $26,326 per ton, which is down by -3.8% against the previous month. In general, the import price, however, recorded a temperate increase. The pace of growth was the most pronounced in March 2023 when the average import price increased by 143% against the previous month. As a result, import price reached the peak level of $51,825 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($38,305 per ton), while the price for Taiwan (Chinese) ($15,322 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Price in the United States (FOB) - 2022
The average salts; tungstates (wolframates) export price stood at $36,230 per ton in 2022, picking up by 65% against the previous year. Overall, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 132% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($54,451 per ton), while the average price for exports to Canada ($3,741 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 Vietnam (+51.5%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Tungstates (Wolframates) Imports in the United States
In 2022, after two years of decline, there was significant growth in overseas purchases of salts; tungstates (wolframates), when their volume increased by 12% to 3.3K tons. In general, imports, however, showed a relatively flat trend pattern.
In value terms, salts; tungstates (wolframates) imports soared to $82M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Salts; Tungstates (Wolframates) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.8 | 21.2 | 19.6 | 34.2 | 9.9% |
| Germany | 17.4 | 9.7 | 10.4 | 16.8 | -1.2% |
| Taiwan (Chinese) | 6.2 | 17.3 | 15.1 | 13.5 | 29.6% |
| Vietnam | 10.3 | 1.8 | 7.0 | 11.0 | 2.2% |
| India | 1.0 | 0.7 | 3.4 | 4.2 | 61.3% |
| Philippines | 2.9 | 1.1 | 1.1 | 2.0 | -11.6% |
| Others | 1.2 | 0.8 | 0.2 | N/A | -59.2% |
| Total | 64.7 | 52.6 | 56.8 | 81.7 | 8.1% |
Top Suppliers of Salts; Tungstates (Wolframates) to the United States in 2022:
- Taiwan (Chinese) (967.0 tons)
- China (892.8 tons)
- Vietnam (618.5 tons)
- Germany (539.5 tons)
- India (199.2 tons)
- Philippines (120.0 tons)
Salts; Tungstates (Wolframates) Exports in the United States
In 2022, overseas shipments of salts; tungstates (wolframates) decreased by -82% to 113 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,013% against the previous year. As a result, the exports reached the peak of 627 tons, and then reduced remarkably in the following year.
In value terms, salts; tungstates (wolframates) exports shrank dramatically to $4.1M in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,487% against the previous year. As a result, the exports attained the peak of $14M, and then dropped sharply in the following year.
| Export of Salts; Tungstates (Wolframates) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.9 | 36.8 | 4,631 | 3,132 | 262.2% |
| Vietnam | N/A | 3.4 | 5,952 | 493 | 1104.2% |
| Japan | 22.2 | 3.1 | 9.6 | 172 | 97.9% |
| Malaysia | 9.6 | 12.0 | 101 | 28.8 | 44.2% |
| Germany | 129 | 29.9 | 512 | 28.4 | -39.6% |
| Ecuador | N/A | N/A | N/A | 25.0 | 0% |
| Canada | 35.1 | 38.0 | 9.7 | 8.6 | -37.4% |
| Mexico | 270 | 120 | 137 | 8.1 | -68.9% |
| United Kingdom | N/A | N/A | 131 | N/A | 0% |
| South Africa | N/A | 198 | N/A | N/A | 0% |
| Denmark | N/A | N/A | 1,924 | N/A | 0% |
| Others | 60.3 | 91.3 | 363 | 190 | 46.6% |
| Total | 592 | 532 | 13,771 | 4,087 | 90.4% |
Top Export Markets for Salts; Tungstates (Wolframates) from the United States in 2022:
- China (57.5 tons)
- Vietnam (23.3 tons)
- Japan (16.2 tons)
- Germany (2.7 tons)
- Ecuador (2.4 tons)
- Canada (2.3 tons)
- Malaysia (2.1 tons)
- Mexico (0.8 tons)
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