Eastern Europe: Tungsten Market 2024

Tungsten Market Size in Eastern Europe

The East European tungsten market fell slightly to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tungsten Production in Eastern Europe

In value terms, tungsten production reduced to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Tungsten Exports

Exports in Eastern Europe

Tungsten exports declined notably to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tungsten exports declined rapidly to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belarus was the largest exporting country with an export of about X tons, which resulted at X% of total exports. The Czech Republic (X tons) held the second position in the ranking, followed by Russia (X tons). All these countries together took approx. X% share of total exports. Romania (X kg) took a little share of total exports.

Belarus was also the fastest-growing in terms of the tungsten exports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, the Czech Republic and Romania increased by X, X and X percentage points, respectively.

In value terms, the largest tungsten supplying countries in Eastern Europe were Belarus ($X), Russia ($X) and the Czech Republic ($X), together accounting for X% of total exports.

Among the main exporting countries, Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Tungsten Imports

Imports in Eastern Europe

In 2022, after five years of growth, there was significant decline in supplies from abroad of tungsten, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed temperate growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, tungsten imports fell remarkably to $X in 2022. In general, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Russia prevails in imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Ukraine (X tons), comprising a X% share of total imports. The following importers - Poland (X tons) and Belarus (X tons) - each resulted at a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tungsten in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports. It was followed by Ukraine, with an X% share.

In Russia, tungsten imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Ukraine (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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