Tungsten (Wolfram); Wire Price in the United Arab Emirates - 2021

Contents:

  1. Tungsten (Wolfram); Wire Price in the United Arab Emirates (FOB) - 2022
  2. Tungsten (Wolfram); Wire Price in the United Arab Emirates (CIF) - 2022
  3. Tungsten (Wolfram); Wire Exports in the United Arab Emirates
  4. Tungsten (Wolfram); Wire Imports in the United Arab Emirates

Tungsten (Wolfram); Wire Price in the United Arab Emirates (FOB) - 2022

In 2022, the average tungsten (wolfram); wire export price amounted to $3,743 per ton, declining by -97.7% against the previous year. In general, the export price showed a sharp decrease. The pace of growth appeared the most rapid in 2021 an increase of 306% against the previous year. As a result, the export price attained the peak level of $164,938 per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Yemen ($6,607 per ton), while the average price for exports to Saudi Arabia totaled $547 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+16.8%).

Tungsten (Wolfram); Wire Price in the United Arab Emirates (CIF) - 2022

In 2022, the average tungsten (wolfram); wire import price amounted to $218,235 per ton, rising by 329% against the previous year. Overall, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($1,218,750 per ton), while the price for the Philippines ($18,400 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+94.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Tungsten (Wolfram); Wire Exports in the United Arab Emirates

In 2022, tungsten (wolfram); wire exports from the United Arab Emirates surged to 44 tons, rising by 67,848% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tungsten (wolfram); wire exports soared to $165K in 2022. In general, 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 United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
YemenN/AN/AN/A56.80%
Saudi ArabiaN/AN/AN/A19.10%
Others3.813.910.789.4186.5%
Total3.813.910.7165251.5%

Top Export Markets for Tungsten (Wolfram); Wire from the United Arab Emirates in 2022:

  1. Saudi Arabia (35.0 tons)
  2. Yemen (8.6 tons)

Tungsten (Wolfram); Wire Imports in the United Arab Emirates

In 2022, supplies from abroad of tungsten (wolfram); wires decreased by -49.8% to 460 kg, falling for the second year in a row after two years of growth. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 909% against the previous year. As a result, imports attained the peak of 5.6 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tungsten (wolfram); wire imports skyrocketed to $100K in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 270% against the previous year. As a result, imports attained the peak of $146K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Tungsten (Wolfram); Wire in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A47.10%
IndiaN/AN/AN/A29.00%
United KingdomN/AN/AN/A14.60%
JapanN/AN/AN/A5.70%
Taiwan (Chinese)N/AN/AN/A1.00%
China7.711118.80.5-59.8%
PhilippinesN/AN/AN/A0.40%
Saudi Arabia9.99.7N/AN/A-2.0%
Others21.825.227.82.0-54.9%
Total39.314646.610036.5%

Top Suppliers of Tungsten (Wolfram); Wire to the United Arab Emirates in 2022:

  1. Japan (182.0 kg)
  2. India (155.0 kg)
  3. United States (46.0 kg)
  4. China (21.0 kg)
  5. Philippines (20.0 kg)
  6. Taiwan (Chinese) (19.0 kg)
  7. United Kingdom (12.0 kg)

Source: IndexBox Market Intelligence Platform

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