Tungsten (Wolfram); Wire Price in Algeria - 2022
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Tungsten (Wolfram); Wire Price in Algeria (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $65,433 per ton, growing by 52% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 110%. The import price peaked at $99,071 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,299,000 per ton), while the price for China ($22,138 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Algeria
In 2022, supplies from abroad of tungsten (wolfram); wires decreased by -82.6% to 300 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 275%. As a result, imports reached the peak of 1.7 tons, and then reduced remarkably in the following year.
In value terms, tungsten (wolfram); wire imports contracted sharply to $20K in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 206%. As a result, imports reached the peak of $72K, and then fell rapidly in the following year.
Import of Tungsten (Wolfram); Wire in Algeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3.0 | 6.8 | 9.9 | 7.3 | 34.5% |
China | 5.6 | 7.6 | 50.8 | 5.0 | -3.7% |
United Kingdom | 2.7 | 5.2 | 6.4 | 4.7 | 20.3% |
Taiwan (Chinese) | 0.4 | 0.9 | 1.2 | 0.8 | 26.0% |
Others | 1.8 | 3.0 | 3.6 | 1.9 | 1.8% |
Total | 13.4 | 23.5 | 71.9 | 19.6 | 13.5% |
Top Suppliers of Tungsten (Wolfram); Wire to Algeria in 2022:
- China (225.0 kg)
- United Kingdom (35.0 kg)
- Spain (26.0 kg)
- Taiwan (Chinese) (7.0 kg)
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