South Africa - Tungsten - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTungsten Price in South Africa - 2023
Contents:
- Tungsten Price in South Africa (CIF) - 2022
- Tungsten Price in South Africa (FOB) - 2022
- Tungsten Imports in South Africa
- Tungsten Exports in South Africa
Tungsten Price in South Africa (CIF) - 2022
The average tungsten import price stood at $186,862 per ton in 2022, growing by 58% against the previous year. Over the period under review, the import price continues to indicate prominent growth. As a result, import price reached 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 Israel ($844,100 per ton), while the price for Austria ($89,571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten Price in South Africa (FOB) - 2022
In 2022, the average tungsten export price amounted to $17,325 per ton, waning by -73.9% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 an increase of 261%. As a result, the export price reached the peak level of $91,294 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Zimbabwe.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +16.2% per year.
Tungsten Imports in South Africa
In 2022, purchases abroad of tungsten was finally on the rise to reach 94 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp decline.
In value terms, tungsten imports surged to $18K in 2022. Over the period under review, imports, however, saw a deep setback.
| Import of Tungsten in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | N/A | N/A | N/A | 8.4 | 0% |
| India | N/A | N/A | N/A | 4.4 | 0% |
| China | 3.1 | N/A | 0.4 | 2.2 | -10.8% |
| United States | 11.5 | 11.7 | 6.8 | 1.8 | -46.1% |
| Austria | N/A | N/A | N/A | 0.6 | 0% |
| Germany | 6.5 | 0.9 | N/A | N/A | -86.2% |
| Taiwan (Chinese) | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.2 | N/A | 1.2 | N/A | 0.0% |
| Total | 22.7 | 12.6 | 8.4 | 17.6 | -8.1% |
Top Suppliers of Tungsten to South Africa in 2022:
- India (39.0 kg)
- China (22.0 kg)
- United States (16.0 kg)
- Israel (10.0 kg)
- Austria (7.0 kg)
Tungsten Exports in South Africa
In 2022, after two years of decline, there was significant growth in overseas shipments of tungsten, when their volume increased by 13% to 114 kg. Overall, exports, however, faced a sharp downturn.
In value terms, tungsten exports reduced dramatically to $2K in 2022. In general, exports, however, faced a sharp contraction. The smallest decline of -45.8% was in 2021.
| Export of Tungsten in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 13.2 | 2.7 | N/A | 2.0 | -46.7% |
| Botswana | 1.2 | N/A | N/A | N/A | 0% |
| Namibia | 2.1 | N/A | N/A | N/A | 0% |
| Zambia | N/A | 1.5 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 6.7 | N/A | 0% |
| Czech Republic | 3.2 | N/A | N/A | N/A | 0% |
| Others | 3.2 | 8.2 | N/A | N/A | 156.2% |
| Total | 22.8 | 12.4 | 6.7 | 2.0 | -55.6% |
Top Export Markets for Tungsten from South Africa in 2022:
- Zimbabwe (114.0 kg)
This report provides an in-depth analysis of the tungsten market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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