Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania - 2023
Contents:
- Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania (CIF) - 2023
- Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania
Price for Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania (CIF) - 2023
In October 2023, the average import price for tungsten (wolfram); articles thereof, including waste and scrap, powderses amounted to $55,186 per ton, leveling off at the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 812% m-o-m. Over the period under review, average import prices hit record highs at $83,021 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($636K per ton), while the price for Germany ($54,697 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+43.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania
In 2022, approx. 37 tons of tungsten (wolfram); articles thereof, including waste and scrap, powderses were imported into Romania; jumping by 17% against 2021. The total import volume increased at an average annual rate of +15.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of tungsten (wolfram); articles thereof, including waste and scrap, powderses skyrocketed to $1.9M in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 64%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 686 | 787 | 1,006 | 1,000 | 13.4% |
Czech Republic | 5.3 | 1.7 | 245 | 779 | 427.7% |
United Kingdom | N/A | 3.6 | 40.5 | 64.0 | 321.6% |
Others | 33.8 | 3.4 | 10.5 | 18.1 | -18.8% |
Total | 725 | 796 | 1,302 | 1,861 | 36.9% |
Top Suppliers of Tungsten (Wolfram); Articles Thereof, Including Waste and Scrap, Powders to Romania in 2022:
- Germany (18.8 tons)
- Czech Republic (16.9 tons)
- United Kingdom (1.0 tons)
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