Tungsten (Wolfram); Wire Price in Mexico - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Mexico (CIF) - 2023
- Tungsten (Wolfram); Wire Price in Mexico (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Mexico
- Tungsten (Wolfram); Wire Exports in Mexico
Tungsten (Wolfram); Wire Price in Mexico (CIF) - 2023
In August 2023, the average tungsten (wolfram); wire import price amounted to $94,445 per ton, dropping by -64.4% against the previous month. In general, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in February 2023 an increase of 202% against the previous month. As a result, import price reached the peak level of $274K per ton. From March 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($517K per ton), while the price for South Korea ($82,809 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Tungsten (Wolfram); Wire Price in Mexico (FOB) - 2022
In 2022, the average tungsten (wolfram); wire export price amounted to $497,405 per ton, stabilizing at the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 1,459% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($7,684,539 per ton), while the average price for exports to Costa Rica ($19,884 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tungsten (Wolfram); Wire Imports in Mexico
After two years of decline, overseas purchases of tungsten (wolfram); wires increased by 79% to 20 tons in 2022. In general, imports, however, saw a pronounced decrease.
In value terms, tungsten (wolfram); wire imports skyrocketed to $1.4M in 2022. Over the period under review, imports recorded a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 377 | 210 | 194 | 709 | 23.4% |
| China | 268 | 212 | 214 | 462 | 19.9% |
| United States | 265 | 255 | 80.4 | 160 | -15.5% |
| Thailand | 50.1 | 55.8 | 56.5 | N/A | 6.2% |
| Others | 270 | 167 | 143 | 24.9 | -54.8% |
| Total | 1,230 | 900 | 688 | 1,355 | 3.3% |
Top Suppliers of Tungsten (Wolfram); Wire to Mexico in 2022:
- South Korea (8.2 tons)
- China (6.0 tons)
- United States (5.9 tons)
Tungsten (Wolfram); Wire Exports in Mexico
In 2022, approx. 69 kg of tungsten (wolfram); wires were exported from Mexico; therefore, remained relatively stable against the year before. Over the period under review, exports faced a precipitous setback. The smallest decline of 99.9% was in 2021.
In value terms, tungsten (wolfram); wire exports amounted to $34K in 2022. In general, exports faced a precipitous setback. The smallest decline of 99.9% was in 2021.
| Export of Tungsten (Wolfram); Wire in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 17.6 | N/A | 16.2 | -4.1% | |
| Hungary | 16.7 | N/A | 15.4 | -4.0% | |
| United States | 23.5 | N/A | 1.6 | -73.9% | |
| Bolivia | 1.0 | N/A | 0.8 | -10.6% | |
| Costa Rica | 0.2 | N/A | 0.1 | -29.3% | |
| Saudi Arabia | 8.9 | N/A | N/A | 0% | |
| Others | 0.7 | N/A | 0.3 | -34.5% | |
| Total | 68.7 | N/A | 34.4 | -29.2% | |
Top Export Markets for Tungsten (Wolfram); Wire from Mexico in 2022:
- China (49.0 kg)
- Bolivia (10.0 kg)
- Costa Rica (5.0 kg)
- Hungary (2.0 kg)
- United States (1.0 kg)
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