Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa - 2024
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (CIF) - 2024
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (FOB) - 2022
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa
- Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (CIF) - 2024
The average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses stood at $58,590 per ton in January 2024, with an increase of 64% against the previous month. Overall, the import price recorded a prominent increase. The growth pace was the most rapid in February 2023 when the average import price increased by 236% against the previous month. The import price peaked at $137K per ton in November 2023; however, from December 2023 to January 2024, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($68,707 per ton), while the price for China amounted to $48,649 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (FOB) - 2022
In 2022, the average export price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $21,992 per ton, which is down by -49.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 264% against the previous year. As a result, the export price attained the peak level of $107,721 per ton. From 2015 to 2022, 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 Democratic Republic of the Congo ($116,000 per ton), while the average price for exports to Swaziland ($4,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa
In 2022, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses into South Africa skyrocketed to 112 tons, growing by 79% against the previous year. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 141%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses surged to $5.5M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 222 | 149 | 1,001 | 2,797 | 132.7% |
| Israel | 6.1 | N/A | N/A | 1,537 | 531.6% |
| United States | 1,038 | 840 | 907 | 865 | -5.9% |
| Australia | N/A | N/A | N/A | 114 | 0% |
| Czech Republic | N/A | 35.7 | 136 | 74.1 | 44.1% |
| Others | 45.0 | 42.3 | 36.3 | 88.2 | 25.1% |
| Total | 1,311 | 1,066 | 2,080 | 5,475 | 61.0% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to South Africa in 2022:
- China (55.4 tons)
- Israel (29.1 tons)
- United States (19.1 tons)
- Czech Republic (4.4 tons)
- Australia (2.2 tons)
Exports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa
Exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses from South Africa soared to 1.1 tons in 2022, jumping by 114% against the previous year. Overall, exports enjoyed a buoyant increase.
In value terms, exports of tungsten (wolfram); articles thereof, including waste and scrap, powderses expanded remarkably to $24K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 531%. As a result, the exports attained the peak of $80K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 2.8 | 2.0 | 3.7 | 9.5 | 50.3% |
| Ghana | N/A | 5.9 | N/A | 4.4 | -13.6% |
| Nigeria | N/A | N/A | N/A | 4.2 | 0% |
| Democratic Republic of the Congo | N/A | 21.4 | N/A | 3.8 | -57.9% |
| Botswana | N/A | 37.7 | 6.9 | 1.2 | -82.2% |
| Namibia | 3.7 | 3.1 | 3.9 | 0.6 | -45.5% |
| Lesotho | N/A | N/A | N/A | 0.4 | 0% |
| Swaziland | 4.3 | 0.1 | 0.1 | 0.4 | -54.7% |
| Others | 1.9 | 9.7 | 7.8 | N/A | 102.6% |
| Total | 12.7 | 79.8 | 22.4 | 24.4 | 24.3% |
Top Export Markets for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders from South Africa in 2022:
- Madagascar (711.0 kg)
- Botswana (86.0 kg)
- Swaziland (80.0 kg)
- Nigeria (80.0 kg)
- Lesotho (57.0 kg)
- Ghana (38.0 kg)
- Democratic Republic of the Congo (33.0 kg)
- Namibia (19.0 kg)
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