Tungsten (Wolfram); Wire Price in Malaysia - 2021
Contents:
- Tungsten (Wolfram); Wire Price in Malaysia (FOB) - 2022
- Tungsten (Wolfram); Wire Price in Malaysia (CIF) - 2022
- Tungsten (Wolfram); Wire Exports in Malaysia
- Tungsten (Wolfram); Wire Imports in Malaysia
Tungsten (Wolfram); Wire Price in Malaysia (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $72,552 per ton, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum at $155,904 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Japan ($1,111,119 per ton), while the average price for exports to the Philippines ($47,363 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 India (+19.2%), while the prices for the other major destinations experienced a decline.
Tungsten (Wolfram); Wire Price in Malaysia (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $137,001 per ton in 2022, surging by 198% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The import price peaked at $205,993 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($286,188 per ton), while the price for the United States ($124,415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.3%), while the prices for the other major suppliers experienced a decline.
Tungsten (Wolfram); Wire Exports in Malaysia
In 2022, the amount of tungsten (wolfram); wires exported from Malaysia reduced to 835 kg, falling by -12% on the previous year's figure. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 149%. As a result, the exports attained the peak of 949 kg, and then contracted in the following year.
In value terms, tungsten (wolfram); wire exports shrank to $61K in 2022. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $68K, and then shrank in the following year.
| Export of Tungsten (Wolfram); Wire in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 14.6 | 9.9 | 24.5 | 36.5 | 35.7% |
| Japan | N/A | N/A | N/A | 15.4 | 0% |
| United States | 4.3 | N/A | N/A | 8.7 | 26.5% |
| Thailand | 29.3 | 18.3 | 19.1 | N/A | -19.3% |
| Brunei Darussalam | 1.0 | 0.1 | 0.4 | N/A | -36.8% |
| Indonesia | N/A | 0.6 | 0.6 | N/A | 0.0% |
| Singapore | 10.8 | 1.9 | 7.4 | N/A | -17.2% |
| Others | 4.9 | 22.3 | 16.3 | N/A | 82.4% |
| Total | 64.9 | 53.0 | 68.1 | 60.6 | -2.3% |
Top Export Markets for Tungsten (Wolfram); Wire from Malaysia in 2022:
- Philippines (770.0 kg)
- United States (51.0 kg)
- Japan (14.0 kg)
Tungsten (Wolfram); Wire Imports in Malaysia
In 2022, supplies from abroad of tungsten (wolfram); wires decreased by -64.6% to 8 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, imports reached the peak of 33 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tungsten (wolfram); wire imports expanded rapidly to $1.1M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Tungsten (Wolfram); Wire in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.0 | 5.7 | 35.8 | 625 | 400.0% |
| United States | 13.3 | 28.4 | 19.5 | 311 | 186.0% |
| Japan | 26.4 | 18.6 | 20.2 | 159 | 81.9% |
| South Korea | 906 | 1,007 | 891 | N/A | -0.8% |
| Others | 76.5 | 90.7 | 72.7 | N/A | -2.5% |
| Total | 1,027 | 1,151 | 1,039 | 1,095 | 2.2% |
Top Suppliers of Tungsten (Wolfram); Wire to Malaysia in 2022:
- United Kingdom (4.9 tons)
- United States (2.5 tons)
- Japan (0.6 tons)
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