Tungsten (Wolfram); Wire Price in Kuwait - 2021
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Tungsten (Wolfram); Wire Price in Kuwait (CIF) - 2022
The average tungsten (wolfram); wire import price stood at $52,217 per ton in 2022, increasing by 11% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by 77% against the previous year. The import price peaked at $123,404 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Taiwan (Chinese) ($221,884 per ton), while the price for China ($5,557 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 (+1.3%), while the prices for the other major suppliers experienced a decline.
Tungsten (Wolfram); Wire Imports in Kuwait
In 2022, approx. 41 kg of tungsten (wolfram); wires were imported into Kuwait; dropping by -8.9% against 2021. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of 45 kg, and then dropped in the following year.
In value terms, tungsten (wolfram); wire imports amounted to $2.1K in 2022. Over the period under review, imports continue to indicate a mild curtailment.
Import of Tungsten (Wolfram); Wire in Kuwait (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1,039 | 942 | 250 | 550 | -19.1% |
United States | 126 | 162 | 479 | 352 | 40.8% |
United Arab Emirates | 309 | 135 | 136 | 262 | -5.4% |
Hungary | 90.0 | 254 | 335 | 244 | 39.4% |
Taiwan (Chinese) | 222 | 145 | 134 | 220 | -0.3% |
Saudi Arabia | 151 | 97.0 | 79.0 | 146 | -1.1% |
Japan | 38.0 | 43.0 | 123 | 76.0 | 26.0% |
Malaysia | 39.0 | 28.0 | 34.0 | 42.0 | 2.5% |
China | 3.0 | 4.0 | 9.0 | 6.0 | 26.0% |
South Korea | N/A | N/A | 148 | N/A | 0% |
Others | 195 | 333 | 400 | 237 | 6.7% |
Total | 2,212 | 2,143 | 2,127 | 2,135 | -1.2% |
Top Suppliers of Tungsten (Wolfram); Wire to Kuwait in 2022:
- Belgium (8.0 kg)
- United States (7.0 kg)
- Saudi Arabia (6.0 kg)
- United Arab Emirates (6.0 kg)
- Japan (6.0 kg)
- Hungary (4.0 kg)
- Taiwan (Chinese) (1.0 kg)
- Malaysia (1.0 kg)
- China (1.0 kg)
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