Salts; Tungstates (Wolframates) Price in Denmark - 2023

Salts; Tungstates (Wolframates) Price in Denmark (CIF) - 2023

In June 2023, the average salts; tungstates (wolframates) import price amounted to $111K per ton, increasing by 255% against the previous month. In general, the import price, however, saw a abrupt decrease. The import price peaked at $228K per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From July 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.5% per month.

Salts; Tungstates (Wolframates) Price in Denmark (FOB) - 2022

The average salts; tungstates (wolframates) export price stood at $44,037 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $95,243 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +27.1% per year.

Salts; Tungstates (Wolframates) Imports in Denmark

In 2022, imports of salts; tungstates (wolframates) into Denmark soared to 289 tons, with an increase of 80% against 2021 figures. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, salts; tungstates (wolframates) imports surged to $10M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Salts; Tungstates (Wolframates) in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	1.5	N/A	9.4	150.3%
Germany	4.5	3.5	1.6	0.7	-46.2%
United States	N/A	1.5	2.3	N/A	53.3%
Others	N/A	N/A	N/A	N/A	0%
Total	4.5	6.5	3.9	10.1	30.9%

Top Suppliers of Salts; Tungstates (Wolframates) to Denmark in 2022:

China (268.3 tons)
Germany (20.0 tons)
United States (0.1 tons)

Salts; Tungstates (Wolframates) Exports in Denmark

In 2022, shipments abroad of salts; tungstates (wolframates) decreased by 0% to 54 kg, falling for the second year in a row after two years of growth. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,400% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, salts; tungstates (wolframates) exports stood at $2.4K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,636%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.