Tungsten (Wolfram); Wire Price in the Dominican Republic - 2023

Contents:

  1. Tungsten (Wolfram); Wire Price in the Dominican Republic (CIF) - 2022
  2. Tungsten (Wolfram); Wire Imports in the Dominican Republic

Tungsten (Wolfram); Wire Price in the Dominican Republic (CIF) - 2022

The average tungsten (wolfram); wire import price stood at $153,185 per ton in 2022, dropping by -12.2% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tungsten (wolfram); wire import price decreased by -13.9% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $177,961 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($228,097 per ton), while the price for China ($5,840 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced a decline.

Tungsten (Wolfram); Wire Imports in the Dominican Republic

In 2022, purchases abroad of tungsten (wolfram); wires decreased by 0% to 1 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a dramatic decline. The smallest decline of -50% was in 2020.

In value terms, tungsten (wolfram); wire imports expanded modestly to $129 in 2022. In general, imports faced a precipitous contraction.

Import of Tungsten (Wolfram); Wire in the Dominican Republic (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States23.012912312676.3%
Mexico60.02.01.02.0-67.8%
Others2902.01.01.0-84.9%
Total373133125129-29.8%

Top Suppliers of Tungsten (Wolfram); Wire to the Dominican Republic in 2022:

  1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform

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