U.S. - Tungsten - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTungsten Price in the United States - 2023
Contents:
- Tungsten Price in the United States (CIF) - 2023
- Tungsten Price in the United States (FOB) - 2022
- Tungsten Imports in the United States
- Tungsten Exports in the United States
Tungsten Price in the United States (CIF) - 2023
In September 2023, the average tungsten import price amounted to $47,449 per ton, shrinking by -7.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 35% m-o-m. As a result, import price reached the peak level of $72,333 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat 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 ($48,262 per ton), while the price for Singapore stood at $11,020 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.
Tungsten Price in the United States (FOB) - 2022
The average tungsten export price stood at $79,644 per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 320%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($99,001 per ton), while the average price for exports to Singapore ($28,520 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 the UK (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten Imports in the United States
After two years of decline, overseas purchases of tungsten increased by 75% to 244 tons in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tungsten imports surged to $12M in 2022. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 5.0 | 5.6 | 11.1 | 8.5% |
| Vietnam | N/A | 0.9 | N/A | N/A | 0% |
| Others | 0.7 | 0.6 | 0.7 | 1.0 | 12.6% |
| Total | 9.4 | 6.5 | 6.3 | 12.1 | 8.8% |
Top Suppliers of Tungsten to the United States in 2022:
- China (232.4 tons)
Tungsten Exports in the United States
In 2022, overseas shipments of tungsten decreased by -7.8% to 45 tons, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. As a result, the exports reached the peak of 308 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, tungsten exports shrank modestly to $3.6M in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $5.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Tungsten in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,380 | 1,810 | 2,135 | 1,964 | -6.2% |
| Mexico | 735 | 509 | 493 | 437 | -15.9% |
| Thailand | 150 | 36.5 | 63.7 | 203 | 10.6% |
| Poland | N/A | N/A | 39.0 | 165 | 323.1% |
| China | 5.3 | 127 | 334 | 124 | 186.0% |
| Singapore | 32.2 | N/A | 4.8 | 80.5 | 35.7% |
| Germany | 341 | 74.8 | 76.5 | 67.0 | -41.9% |
| Saudi Arabia | N/A | N/A | 66.7 | 54.6 | -18.1% |
| Taiwan (Chinese) | 199 | 2,691 | 28.2 | 34.3 | -44.3% |
| Others | 502 | 389 | 509 | 445 | -3.9% |
| Total | 4,345 | 5,639 | 3,750 | 3,575 | -6.3% |
Top Export Markets for Tungsten from the United States in 2022:
- Canada (25.1 tons)
- Mexico (4.8 tons)
- Singapore (2.8 tons)
- Poland (2.4 tons)
- Thailand (2.0 tons)
- China (1.3 tons)
- Saudi Arabia (1.1 tons)
- Germany (0.5 tons)
- Taiwan (Chinese) (0.3 tons)
This report provides an in-depth analysis of the tungsten market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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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