Tungsten (Wolfram); Wire Price in Iran - 2021
Contents:
Tungsten (Wolfram); Wire Price in Iran (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $72,548 per ton, dropping by -33.7% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 47%. The import price peaked at $185,129 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 South Korea ($1,118,000 per ton), while the price for India ($65,824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Iran
In 2022, the amount of tungsten (wolfram); wires imported into Iran skyrocketed to 781 kg, picking up by 47% against the previous year's figure. Over the period under review, imports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. As a result, imports reached the peak of 3.1 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, tungsten (wolfram); wire imports shrank modestly to $57K in 2022. In general, imports, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 107%. As a result, imports reached the peak of $328K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tungsten (Wolfram); Wire in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 132 | 281 | 39.2 | 51.5 | -26.9% |
| Taiwan (Chinese) | 14.6 | 24.1 | 2.7 | 2.3 | -46.0% |
| India | 6.6 | 11.2 | 1.2 | 1.1 | -45.0% |
| United Arab Emirates | 2.5 | 4.7 | 0.6 | 0.6 | -37.9% |
| Hong Kong SAR | N/A | N/A | 13.4 | N/A | 0% |
| Others | 3.0 | 6.6 | 1.0 | 1.1 | -28.4% |
| Total | 159 | 328 | 58.0 | 56.7 | -29.1% |
Top Suppliers of Tungsten (Wolfram); Wire to Iran in 2022:
- China (744.0 kg)
- India (17.0 kg)
- Taiwan (Chinese) (14.0 kg)
- United Arab Emirates (5.0 kg)
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