Price for Tungsten Ores and Concentrates in Kuwait - 2022

Contents:

1. Price for Tungsten Ores and Concentrates in Kuwait (CIF) - 2022
2. Price for Tungsten Ores and Concentrates in Kuwait (FOB) - 2022
3. Imports of Tungsten Ores and Concentrates in Kuwait
4. Exports of Tungsten Ores and Concentrates in Kuwait

Price for Tungsten Ores and Concentrates in Kuwait (CIF) - 2022

The average tungsten ores and concentrates import price stood at $16,373 per ton in 2022, waning by -43.7% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $29,088 per ton, and then shrank notably in the following year.

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

From 2016 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Price for Tungsten Ores and Concentrates in Kuwait (FOB) - 2022

In 2022, the average tungsten ores and concentrates export price amounted to $11,993 per ton, dropping by -32.4% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 95%. The export price peaked at $17,739 per ton in 2021, and then fell notably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -3.5% per year.

Imports of Tungsten Ores and Concentrates in Kuwait

Tungsten ores and concentrates imports into Kuwait declined sharply to 59 kg in 2022, reducing by -48.2% against the year before. In general, imports continue to indicate a sharp decrease.

In value terms, tungsten ores and concentrates imports reduced dramatically to $966 in 2022. Over the period under review, imports continue to indicate a precipitous slump.

Top Suppliers of Tungsten Ores and Concentrates to Kuwait in 2022:

1. Bangladesh (59.0 kg)

Exports of Tungsten Ores and Concentrates in Kuwait

In 2022, exports of tungsten ores and concentrateses from Kuwait surged to 71 tons, increasing by 26% compared with the previous year. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tungsten ores and concentrates exports dropped significantly to $856K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $1M, and then reduced remarkably in the following year.

Top Export Markets for Tungsten Ores and Concentrates from Kuwait in 2022:

1. Vietnam (71.4 tons)

Source: IndexBox Market Intelligence Platform