Turkey - Tungsten - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTungsten Price in Turkey - 2023
Contents:
- Tungsten Price in Turkey (CIF) - 2022
- Tungsten Price in Turkey (FOB) - 2022
- Tungsten Imports in Turkey
- Tungsten Exports in Turkey
Tungsten Price in Turkey (CIF) - 2022
In 2022, the average tungsten import price amounted to $78,015 per ton, falling by -7.4% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by 25% against the previous year. The import price peaked at $264,344 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($358,493 per ton), while the price for Germany ($43,143 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced a decline.
Tungsten Price in Turkey (FOB) - 2022
The average tungsten export price stood at $223,274 per ton in 2022, increasing by 636% against the previous year. Over the period under review, the export price posted a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($327,391 per ton), while the average price for exports to Iran totaled $92,655 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-9.5%).
Tungsten Imports in Turkey
In 2022, overseas purchases of tungsten decreased by -10.2% to 3.8 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 426%. As a result, imports reached the peak of 4.9 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tungsten imports reduced dramatically to $297K in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 287% against the previous year. As a result, imports attained the peak of $360K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tungsten in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 16.1 | 15.6 | 240 | 330.9% |
| United States | 8.3 | 35.6 | 32.6 | 24.7 | 43.8% |
| India | 6.7 | 5.5 | 24.3 | 11.1 | 18.3% |
| Italy | 2.6 | 14.5 | 23.1 | 10.9 | 61.2% |
| United Kingdom | 19.7 | 84.4 | 49.9 | 9.4 | -21.9% |
| Germany | 42.7 | 150 | 63.0 | 0.3 | -80.8% |
| Others | 10.0 | 53.5 | 148 | 0.1 | -78.5% |
| Total | 93.0 | 360 | 357 | 297 | 47.3% |
Top Suppliers of Tungsten to Turkey in 2022:
- China (3580.0 kg)
- Italy (75.0 kg)
- United States (69.0 kg)
- India (43.0 kg)
- United Kingdom (29.0 kg)
- Germany (7.0 kg)
Tungsten Exports in Turkey
Tungsten exports from Turkey shrank remarkably to 248 kg in 2022, which is down by -90% against the year before. Over the period under review, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. As a result, the exports attained the peak of 2.5 tons, and then reduced markedly in the following year.
In value terms, tungsten exports dropped significantly to $55K in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $75K, and then dropped notably in the following year.
| Export of Tungsten in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 45.2 | 0% |
| Iran | N/A | N/A | N/A | 10.2 | 0% |
| New Zealand | 6.5 | 37.7 | N/A | N/A | 480.0% |
| Oman | 50.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 74.7 | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 56.6 | 37.7 | 75.1 | 55.4 | -0.7% |
Top Export Markets for Tungsten from Turkey in 2022:
- Russia (138.0 kg)
- Iran (110.0 kg)
This report provides an in-depth analysis of the tungsten market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
-
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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