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Report Australia and Oceania - Tungsten - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Tungsten Market 2024

Tungsten Market Size in Australia and Oceania

The tungsten market in Australia and Oceania skyrocketed to $X in 2022, growing by 17% against the previous year. Over the period under review, consumption continues to indicate a strong increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Tungsten Production in Australia and Oceania

In value terms, tungsten production totaled $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 118% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tungsten Exports

Exports in Australia and Oceania

In 2022, shipments abroad of tungsten increased by 88% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 218% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tungsten exports fell to $X in 2022. Over the period under review, exports, however, saw a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 546% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia represented the largest exporting country with an export of about X kg, which finished at 68% of total exports. It was distantly followed by New Zealand (X kg), mixing up a 32% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tungsten exports from Australia stood at -9.2%. At the same time, New Zealand (+56.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +56.5% from 2012-2022. While the share of New Zealand (+32 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-31.7 p.p.) displayed negative dynamics.

In value terms, the largest tungsten supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +74.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -53.7% against the previous year. In general, the export price, however, continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 when the export price increased by 103% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.6%).

Tungsten Imports

Imports in Australia and Oceania

In 2022, imports of tungsten in Australia and Oceania soared to X tons, growing by 35% against 2021 figures. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 83%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons) represented roughly 100% of total imports in 2022.

Australia was also the fastest-growing in terms of the tungsten imports, with a CAGR of +6.8% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported tungsten in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -5.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of tungsten consumption was Australia, accounting for 100% of total volume.
Australia remains the largest tungsten producing country in Australia and Oceania, accounting for 100% of total volume.
In value terms, Australia remains the largest tungsten supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was occupied by New Zealand, with a 3% share of total exports.
In value terms, Australia constitutes the largest market for imported tungsten in Australia and Oceania.
In 2021, the export price in Australia and Oceania amounted to $194,747 per ton, rising by 67% against the previous year.
The import price in Australia and Oceania stood at $41,834 per ton in 2021, dropping by -9.3% against the previous year.

This report provides an in-depth analysis of the tungsten market in Australia and Oceania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in Australia and Oceania, split by region and country
    • Trade (exports and imports) in Australia and Oceania
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • Australia
      • Cook Islands
      • Fiji
      • French Polynesia
      • Kiribati
      • Marshall Islands
      • Micronesia
      • New Caledonia
      • New Zealand
      • Northern Mariana Islands
      • Palau
      • Papua New Guinea
      • Samoa
      • Solomon Islands
      • Tokelau
      • Tonga
      • Tuvalu
      • Vanuatu
      • Wallis and Futuna Islands
      • American Samoa
      • Nauru
      • Niue
      • Guam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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