Report Update May 1, 2024

SADC - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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SADC: Tungsten Market 2024

Tungsten Market Size in SADC

In 2022, the SADC tungsten market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a resilient expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tungsten Production in SADC

In value terms, tungsten production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tungsten Exports

Exports in SADC

In 2022, the amount of tungsten exported in SADC contracted significantly to X kg, shrinking by X% against 2021. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, tungsten exports fell notably to $X in 2022. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

South Africa prevails in exports structure, reaching X kg, which was near X% of total exports in 2022. Seychelles (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tungsten exports from South Africa stood at X%. Seychelles experienced a relatively flat trend pattern. Seychelles (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest tungsten supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Seychelles ($X), with an X% share of total exports.

In South Africa, tungsten exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price faced a deep setback. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Tungsten Imports

Imports in SADC

In 2022, overseas purchases of tungsten increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tungsten imports surged to $X in 2022. In general, imports posted a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Madagascar (X kg) and Tanzania (X kg) dominates imports structure, together mixing up X% of total imports. Zimbabwe (X kg) held the next position in the ranking, followed by South Africa (X kg). All these countries together held near X% share of total imports. The following importers - Zambia (X kg), Namibia (X kg) and Angola (X kg) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Zimbabwe (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), South Africa ($X) and Zimbabwe ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Zimbabwe, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in SADC?

The country with the largest volume of tungsten consumption was Democratic Republic of the Congo, comprising approx. 93% of total volume. Moreover, tungsten consumption in Democratic Republic of the Congo exceeded the figures recorded by the second-largest consumer, South Africa, more than tenfold.

What are the largest producers of tungsten in SADC?

Democratic Republic of the Congo constituted the country with the largest volume of tungsten production, accounting for 94% of total volume. Moreover, tungsten production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, South Africa, more than tenfold.

What are the leading suppliers of tungsten in SADC?

In value terms, South Africa remains the largest tungsten supplier in SADC, comprising 82% of total exports. The second position in the ranking was held by Seychelles $437), with an 18% share of total exports.

What are the leading importers of tungsten in SADC?

In value terms, Madagascar, South Africa and Zimbabwe constituted the countries with the highest levels of imports in 2022, with a combined 85% share of total imports.

What is the average export price for tungsten in SADC?

The export price in SADC stood at $12,121 per ton in 2022, with a decrease of -70.4% against the previous year.

What is the average import price for tungsten in SADC?

In 2022, the import price in SADC amounted to $35,374 per ton, with a decrease of -48.6% against the previous year.

This report provides an in-depth analysis of the tungsten market in SADC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Angola
Botswana
Comoros
Democratic Republic of the Congo
Lesotho
Madagascar
Malawi
Mauritius
Mozambique
Namibia
Seychelles
South Africa
Swaziland
Tanzania
Zambia
Zimbabwe

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in SADC, split by region and country
Trade (exports and imports) in SADC
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023