Tungsten (Wolfram); Wire Price in China - 2023
Contents:
- Tungsten (Wolfram); Wire Price in China (FOB) - 2022
- Tungsten (Wolfram); Wire Price in China (CIF) - 2022
- Tungsten (Wolfram); Wire Exports in China
- Tungsten (Wolfram); Wire Imports in China
Tungsten (Wolfram); Wire Price in China (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $118,156 per ton, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2016 when the average export price increased by 24%. As a result, the export price reached the peak level of $125,992 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($356,828 per ton), while the average price for exports to Brazil ($31,790 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 Russia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in China (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $1,481,594 per ton in 2022, with an increase of 7.2% against the previous year. In general, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 60%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,593,481 per ton), while the price for Austria ($491,713 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Exports in China
In 2022, exports of tungsten (wolfram); wires from China fell to 294 tons, dropping by -8.4% compared with the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports reached the peak of 321 tons, and then shrank in the following year.
In value terms, tungsten (wolfram); wire exports rose remarkably to $35M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Tungsten (Wolfram); Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.8 | 2.8 | 4.8 | 5.0 | 21.3% |
| South Korea | 3.6 | 3.7 | 4.1 | 3.8 | 1.8% |
| Poland | 5.4 | 5.2 | 4.5 | 3.3 | -15.1% |
| India | 3.6 | 2.9 | 3.6 | 3.3 | -2.9% |
| Russia | 2.4 | 2.2 | 2.1 | 2.5 | 1.4% |
| Vietnam | 0.3 | 0.8 | 1.6 | 2.4 | 100.0% |
| Turkey | 0.7 | 0.8 | 1.3 | 1.7 | 34.4% |
| Honduras | N/A | N/A | N/A | 1.6 | 0% |
| Germany | 1.1 | 0.8 | 1.2 | 1.3 | 5.7% |
| United States | 0.9 | 0.7 | 0.9 | 1.0 | 3.6% |
| Italy | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
| Brazil | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 6.9 | 6.2 | 7.5 | 7.7 | 3.7% |
| Total | 28.4 | 27.2 | 32.6 | 34.8 | 7.0% |
Top Export Markets for Tungsten (Wolfram); Wire from China in 2022:
- India (54.1 tons)
- South Korea (49.5 tons)
- Japan (43.1 tons)
- Poland (28.4 tons)
- Russia (12.8 tons)
- Turkey (10.3 tons)
- Honduras (9.8 tons)
- Italy (8.6 tons)
- Germany (8.4 tons)
- Vietnam (6.6 tons)
- Brazil (6.0 tons)
- United States (5.0 tons)
Tungsten (Wolfram); Wire Imports in China
In 2022, the amount of tungsten (wolfram); wires imported into China declined significantly to 7.1 tons, which is down by -26.3% on the previous year. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.5% against the previous year.
In value terms, tungsten (wolfram); wire imports contracted dramatically to $10M in 2022. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, imports reached the peak of $13M, and then reduced sharply in the following year.
| Import of Tungsten (Wolfram); Wire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.0 | 4.9 | 6.1 | 4.9 | -11.2% |
| South Korea | 2.0 | 1.7 | 1.9 | 1.6 | -7.2% |
| United States | 1.3 | 2.1 | 1.7 | 1.1 | -5.4% |
| Germany | 1.0 | 0.8 | 1.2 | 0.7 | -11.2% |
| France | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| India | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 1.2 | 1.6 | 1.6 | 1.3 | 2.7% |
| Total | 13.0 | 11.8 | 13.2 | 10.5 | -6.9% |
Top Suppliers of Tungsten (Wolfram); Wire to China in 2022:
- South Korea (2.7 tons)
- Japan (2.0 tons)
- Germany (0.7 tons)
- India (0.4 tons)
- United States (0.3 tons)
- France (0.2 tons)
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