Salts; Tungstates (Wolframates) Price in Singapore - 2022

Salts; Tungstates (Wolframates) Price in Singapore (CIF) - 2022

The average salts; tungstates (wolframates) import price stood at $244,431 per ton in 2022, dropping by -8% against the previous year. Overall, the import price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 1,527% against the previous year. As a result, import price reached the peak level of $491,983 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($397,569 per ton), while the price for China ($20,902 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 (+4.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average salts; tungstates (wolframates) export price amounted to $246,047 per ton, which is down by -39% against the previous year. Over the period under review, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 3,034%. Over the period under review, the average export prices reached the peak figure at $1,045,200 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($250,248 per ton), while the average price for exports to the Philippines stood at $40,419 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+56.0%), while the prices for the other major destinations experienced mixed trend patterns.

Salts; Tungstates (Wolframates) Imports in Singapore

For the third consecutive year, Singapore recorded decline in purchases abroad of salts; tungstates (wolframates), which decreased by -4.2% to 460 kg in 2022. Overall, imports continue to indicate a precipitous slump. The smallest decline of -1.9% was in 2020.

In value terms, salts; tungstates (wolframates) imports contracted to $112K in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $127K, and then declined in the following year.

Import of Salts; Tungstates (Wolframates) in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	67.9	52.4	98.0	83.3	7.1%
United States	35.9	18.3	26.9	22.6	-14.3%
China	0.3	10.3	0.3	3.0	115.4%
India	4.1	2.5	0.1	1.9	-22.6%
Australia	1.4	1.3	1.6	1.3	-2.4%
Slovenia	N/A	N/A	N/A	N/A	0%
Others	0.3	0.2	0.7	0.3	0.0%
Total	110	85.1	127	112	0.6%

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

Germany (209.0 kg)
China (145.0 kg)
United States (69.0 kg)
India (20.0 kg)
Australia (15.0 kg)

Salts; Tungstates (Wolframates) Exports in Singapore

In 2022, the amount of salts; tungstates (wolframates) exported from Singapore surged to 782 kg, increasing by 208% against 2021 figures. In general, exports, however, saw a dramatic setback.

In value terms, salts; tungstates (wolframates) exports soared to $193K in 2022. Overall, exports, however, continue to indicate a perceptible shrinkage.

Export of Salts; Tungstates (Wolframates) in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	65.6	50.5	100	188	42.0%
Philippines	0.3	0.5	N/A	0.5	18.6%
India	149	N/A	0.3	N/A	-95.5%
Others	2.7	4.2	1.7	4.5	18.6%
Total	218	55.2	102	193	-4.0%