Tungsten (Wolfram); Wire Price in Vietnam - 2022
Contents:
- Tungsten (Wolfram); Wire Price in Vietnam (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Vietnam (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Vietnam
- Tungsten (Wolfram); Wire Exports in Vietnam
Tungsten (Wolfram); Wire Price in Vietnam (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $392,479 per ton in 2022, with an increase of 3.4% against the previous year. Overall, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. The import price peaked in 2022 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 Japan ($1,340,626 per ton), while the price for the Philippines ($27,337 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Vietnam (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $219,971 per ton, jumping by 16% against the previous year. Over the period under review, the export price enjoyed moderate growth. The pace of growth appeared the most rapid in 2015 an increase of 151% against the previous year. The export price peaked at $563,766 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($278,382 per ton), while the average price for exports to the Philippines stood at $128,557 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.9%).
Tungsten (Wolfram); Wire Imports in Vietnam
Tungsten (wolfram); wire imports into Vietnam contracted markedly to 5.3 tons in 2022, dropping by -24.7% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 7.1 tons, and then reduced remarkably in the following year.
In value terms, tungsten (wolfram); wire imports shrank rapidly to $2.1M in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, imports reached the peak of $2.7M, and then declined dramatically in the following year.
| Import of Tungsten (Wolfram); Wire in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 432 | 861 | 1,936 | 1,279 | 43.6% |
| Japan | 734 | 267 | 400 | 578 | -7.7% |
| South Korea | 129 | 129 | 110 | 80.4 | -14.6% |
| Italy | 116 | 87.4 | 59.5 | 57.6 | -20.8% |
| Taiwan (Chinese) | 14.8 | 20.9 | 34.3 | 22.7 | 15.3% |
| Malaysia | 6.3 | 5.1 | 11.3 | 8.2 | 9.2% |
| France | 16.8 | 5.0 | 10.7 | 7.1 | -25.0% |
| Philippines | N/A | N/A | N/A | 4.8 | 0% |
| Sweden | N/A | 49.8 | 55.1 | N/A | 10.6% |
| Others | 66.0 | 71.8 | 71.6 | 54.0 | -6.5% |
| Total | 1,515 | 1,497 | 2,688 | 2,092 | 11.4% |
Top Suppliers of Tungsten (Wolfram); Wire to Vietnam in 2022:
- China (3157.0 kg)
- South Korea (637.0 kg)
- Japan (432.0 kg)
- Italy (302.0 kg)
- Taiwan (Chinese) (199.0 kg)
- Philippines (176.0 kg)
- Malaysia (167.0 kg)
- France (69.0 kg)
Tungsten (Wolfram); Wire Exports in Vietnam
In 2022, overseas shipments of tungsten (wolfram); wires increased by 118% to 122 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt curtailment.
In value terms, tungsten (wolfram); wire exports surged to $27K in 2022. Over the period under review, exports, however, continue to indicate a dramatic decline.
| Export of Tungsten (Wolfram); Wire in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 44.2 | 35.6 | 6.7 | 17.9 | -26.0% |
| Philippines | 7.4 | 3.9 | 3.6 | 7.0 | -1.8% |
| Lao People's Democratic Republic | 0.7 | N/A | N/A | N/A | 0% |
| Others | 6.6 | 3.3 | 0.4 | 1.8 | -35.2% |
| Total | 58.9 | 42.8 | 10.7 | 26.8 | -23.1% |
Top Export Markets for Tungsten (Wolfram); Wire from Vietnam in 2022:
- Malaysia (64.0 kg)
- Philippines (54.0 kg)
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