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

Central Asia - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Tungsten Market 2024

Tungsten Market Size in Central Asia

In 2022, the Central Asian tungsten market increased by 0.5% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a significant increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tungsten Production in Central Asia

In value terms, tungsten production contracted to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 92% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Tungsten Exports

Exports in Central Asia

In 2022, after seven years of growth, there was significant decline in shipments abroad of tungsten, when their volume decreased by -84.1% to X tons. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tungsten exports fell notably to $X in 2022. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of tungsten, namely Uzbekistan, represented more than two-thirds of total export.

Uzbekistan was also the fastest-growing in terms of the tungsten exports, with a CAGR of -24.3% from 2012 to 2022. From 2012 to 2022, the share of Uzbekistan increased by +36 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest tungsten supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan totaled -25.7%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, surging by 4.8% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2014 an increase of 65%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to -1.8% per year.

Tungsten Imports

Imports in Central Asia

In 2022, the amount of tungsten imported in Central Asia dropped markedly to X kg, declining by -67.3% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 405%. Over the period under review, imports attained the maximum at X kg in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tungsten imports contracted dramatically to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 504% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Mongolia prevails in imports structure, accounting for X kg, which was near 92% of total imports in 2022. It was distantly followed by Kazakhstan (X kg), constituting an 8% share of total imports.

Mongolia was also the fastest-growing in terms of the tungsten imports, with a CAGR of +14.1% from 2012 to 2022. Kazakhstan (-19.6%) illustrated a downward trend over the same period. While the share of Mongolia (+66 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-66.2 p.p.) displayed negative dynamics.

In value terms, Mongolia ($X) constitutes the largest market for imported tungsten in Central Asia, comprising 70% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Mongolia stood at +14.6%.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by 30% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 72% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+13.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Mongolia remains the largest tungsten consuming country in Central Asia, comprising approx. 96% of total volume. Moreover, tungsten consumption in Mongolia exceeded the figures recorded by the second-largest consumer, Uzbekistan, more than tenfold.
The country with the largest volume of tungsten production was Mongolia, accounting for 93% of total volume. Moreover, tungsten production in Mongolia exceeded the figures recorded by the second-largest producer, Uzbekistan, more than tenfold.
In value terms, Uzbekistan remains the largest tungsten supplier in Central Asia.
In value terms, Kazakhstan constitutes the largest market for imported tungsten in Central Asia, comprising 77% of total imports. The second position in the ranking was occupied by Mongolia, with a 22% share of total imports.
The export price in Central Asia stood at $33,796 per ton in 2021, picking up by 8.1% against the previous year.
The import price in Central Asia stood at $47,866 per ton in 2021, shrinking by -64.5% against the previous year.

This report provides an in-depth analysis of the tungsten market in Central Asia. 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in Central Asia, split by region and country
    • Trade (exports and imports) in Central Asia
    • 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
      • Kazakhstan
      • Kyrgyzstan
      • Mongolia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan

    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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