Tungsten (Wolfram); Wire Price in the Philippines - 2023
Contents:
- Tungsten (Wolfram); Wire Price in the Philippines (CIF) - 2022
- Tungsten (Wolfram); Wire Price in the Philippines (FOB) - 2023
- Tungsten (Wolfram); Wire Imports in the Philippines
- Tungsten (Wolfram); Wire Exports in the Philippines
Tungsten (Wolfram); Wire Price in the Philippines (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $9,504 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 45%. As a result, import price attained the peak level of $38,146 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($11,245 per ton), while the price for China totaled $8,989 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.0%).
Tungsten (Wolfram); Wire Price in the Philippines (FOB) - 2023
In July 2023, the average tungsten (wolfram); wire export price amounted to $21,461 per ton, remaining stable against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 188% month-to-month. As a result, the export price reached the peak level of $28,654 per ton. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Indonesia ($23,586 per ton), while the average price for exports to India stood at $20,256 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.4%).
Tungsten (Wolfram); Wire Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of tungsten (wolfram); wires, which decreased by -22.2% to 2.7K tons in 2022. In general, imports showed a dramatic descent.
In value terms, tungsten (wolfram); wire imports contracted to $26M in 2022. Over the period under review, imports recorded a abrupt downturn. The smallest decline of -6% was in 2021.
| Import of Tungsten (Wolfram); Wire in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.4 | 29.1 | 26.5 | 23.3 | -18.1% |
| Hong Kong SAR | 1.0 | 1.6 | 2.2 | 0.8 | -7.2% |
| Others | 1.8 | 1.0 | 1.2 | 1.5 | -5.9% |
| Total | 45.1 | 31.7 | 29.8 | 25.7 | -17.1% |
Top Suppliers of Tungsten (Wolfram); Wire to the Philippines in 2022:
- China (2592.5 tons)
- Hong Kong SAR (73.1 tons)
Tungsten (Wolfram); Wire Exports in the Philippines
Tungsten (wolfram); wire exports from the Philippines surged to 34 tons in 2022, picking up by 6,080% against the previous year. In general, exports continue to indicate significant growth. 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 $755K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tungsten (Wolfram); Wire in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.1 | 1.1 | 1.2 | 493 | 1602.0% |
| Indonesia | 1.5 | 0.9 | 1.2 | 255 | 454.0% |
| Vietnam | N/A | N/A | N/A | 7.5 | 0% |
| Hong Kong SAR | N/A | 34.7 | N/A | N/A | 0% |
| Others | 1.1 | 2.8 | 3.4 | N/A | 75.8% |
| Total | 2.7 | 39.5 | 5.7 | 755 | 553.9% |
Top Export Markets for Tungsten (Wolfram); Wire from the Philippines in 2022:
- India (22.6 tons)
- Indonesia (11.2 tons)
- Vietnam (0.3 tons)
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