Tungsten (Wolfram); Wire Price in Bangladesh - 2022

Contents:

  1. Tungsten (Wolfram); Wire Price in Bangladesh (CIF) - 2022
  2. Tungsten (Wolfram); Wire Price in Bangladesh (FOB) - 2022
  3. Tungsten (Wolfram); Wire Imports in Bangladesh
  4. Tungsten (Wolfram); Wire Exports in Bangladesh

Tungsten (Wolfram); Wire Price in Bangladesh (CIF) - 2022

The average tungsten (wolfram); wire import price stood at $56,782 per ton in 2022, picking up by 201% against the previous year. In general, the import price showed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($551,000 per ton), while the price for India ($6,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+39.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Tungsten (Wolfram); Wire Price in Bangladesh (FOB) - 2022

In 2022, the average tungsten (wolfram); wire export price amounted to $44,780 per ton, shrinking by -4.5% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2019 when the average export price decreased by -0.5% against the previous year. The export price peaked at $50,853 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2018 to 2022, the rate of growth in terms of prices for Canada amounted to -2.4% per year.

Tungsten (Wolfram); Wire Imports in Bangladesh

In 2022, the amount of tungsten (wolfram); wires imported into Bangladesh reduced rapidly to 204 kg, dropping by -56% against the year before. In general, imports recorded a significant decline. The smallest decline of -27.2% was in 2021.

In value terms, tungsten (wolfram); wire imports declined sharply to $3.1K in 2022. Over the period under review, imports recorded a significant decrease. The smallest decline of -48.6% was in 2020.

Import of Tungsten (Wolfram); Wire in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India7.74.33.11.3-44.7%
Singapore8.62.81.30.7-56.7%
China12.37.21.40.6-63.5%
Taiwan (Chinese)0.50.60.70.50.0%
Others0.60.30.20.1-45.0%
Total29.615.26.83.1-52.9%

Top Suppliers of Tungsten (Wolfram); Wire to Bangladesh in 2022:

  1. India (196.0 kg)
  2. Taiwan (Chinese) (4.0 kg)
  3. Singapore (1.0 kg)
  4. China (1.0 kg)

Tungsten (Wolfram); Wire Exports in Bangladesh

Tungsten (wolfram); wire exports from Bangladesh stood at 41 kg in 2022, leveling off at 2021 figures. In general, exports recorded a deep downturn. The smallest decline of 99.9% was in 2021.

In value terms, tungsten (wolfram); wire exports totaled $1.8K in 2022. Over the period under review, exports faced a deep setback. The smallest decline of 99.9% was in 2021.

Export of Tungsten (Wolfram); Wire in Bangladesh (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
DenmarkN/AN/A1.80%
Canada2.4N/AN/A0%
OthersN/AN/AN/A0%
Total2.4N/A1.8-13.4%

Top Export Markets for Tungsten (Wolfram); Wire from Bangladesh in 2022:

  1. Denmark (41.0 kg)

Source: IndexBox Market Intelligence Platform

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