Tungsten (Wolfram); Wire Price in Russia - 2022
Contents:
- Tungsten (Wolfram); Wire Price in Russia (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Russia (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Russia
- Tungsten (Wolfram); Wire Exports in Russia
Tungsten (Wolfram); Wire Price in Russia (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $183,649 per ton, remaining relatively unchanged against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tungsten (wolfram); wire import price decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. As a result, import price reached the peak level of $185,211 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.5% per year.
Tungsten (Wolfram); Wire Price in Russia (FOB) - 2022
In 2021, the average tungsten (wolfram); wire export price amounted to $79,599 per ton, which is down by -8% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 142% against the previous year. As a result, the export price reached the peak level of $273,650 per ton. From 2017 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($239,502 per ton), while the average price for exports to Switzerland ($3,213 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Russia
In 2022, imports of tungsten (wolfram); wires into Russia declined to 12 tons, shrinking by -5.2% against the year before. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.
In value terms, tungsten (wolfram); wire imports dropped to $2.1M in 2022. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year.
| Import of Tungsten (Wolfram); Wire in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 1.9 | 2.1 | 2.0 | -7.2% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.6 | 2.0 | 2.2 | 2.1 | -6.9% |
Top Suppliers of Tungsten (Wolfram); Wire to Russia in 2022:
- China (11.4 tons)
Tungsten (Wolfram); Wire Exports in Russia
For the third year in a row, Russia recorded growth in overseas shipments of tungsten (wolfram); wires, which increased by 43% to 352 kg in 2021. In general, total exports indicated a significant increase from 2019 to 2021: its volume increased at an average annual rate of +34.0% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); wire exports surged to $28K in 2021. Over the period under review, total exports indicated a significant expansion from 2019 to 2021: its value increased at an average annual rate of +23.0% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Wire in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Romania | 1.0 | N/A | 10.7 | 227.1% | |
| Kazakhstan | 7.8 | 8.4 | 6.9 | -5.9% | |
| Poland | N/A | N/A | 5.8 | 0% | |
| Belarus | 9.8 | 7.9 | 4.4 | -33.0% | |
| Switzerland | N/A | N/A | 0.1 | 0% | |
| Others | N/A | 5.0 | 0.2 | -96.0% | |
| Total | 18.5 | 21.3 | 28.0 | 23.0% | |
Top Export Markets for Tungsten (Wolfram); Wire from Russia in 2022:
- Kazakhstan (195.0 kg)
- Poland (59.0 kg)
- Romania (44.0 kg)
- Belarus (33.0 kg)
- Switzerland (18.0 kg)
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