Report Update Nov 1, 2024

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

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Eastern Asia: Tungsten Market 2024

Tungsten Market Size in Eastern Asia

In 2022, after four years of growth, there was decline in the East Asian tungsten market, when its value decreased by -0.2% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Tungsten Production in Eastern Asia

In value terms, tungsten production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 505%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Tungsten Exports

Exports in Eastern Asia

Tungsten exports soared to X tons in 2022, rising by 21% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 267%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tungsten exports surged to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2017 when exports increased by 190%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 96% of total exports in 2022. The following exporters - Japan (X tons) and Hong Kong SAR (X tons) - each amounted to a 3.7% share of total exports.

China was also the fastest-growing in terms of the tungsten exports, with a CAGR of +52.6% from 2012 to 2022. Japan (-3.5%) and Hong Kong SAR (-11.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +83 percentage points.

In value terms, China ($X) remains the largest tungsten supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +45.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+8.2% per year) and Hong Kong SAR (-10.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 10% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 140%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the other leaders experienced mixed trends in the export price figures.

Tungsten Imports

Imports in Eastern Asia

In 2022, after four years of growth, there was significant decline in purchases abroad of tungsten, when their volume decreased by -15.3% to X tons. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 83% against the previous year. The volume of import peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, tungsten imports skyrocketed to $X in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 58%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons) and Japan (X tons) dominates imports structure, together achieving 92% of total imports. It was distantly followed by South Korea (X tons), committing a 6.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +46.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tungsten importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 98% of total imports.

Taiwan (Chinese), with a CAGR of +22.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by 36% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X 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 (-2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in Eastern Asia?

China constituted the country with the largest volume of tungsten consumption, comprising approx. 99% of total volume.

What are the largest producers of tungsten in Eastern Asia?

China remains the largest tungsten producing country in Eastern Asia, comprising approx. 100% of total volume.

What are the leading exporters of tungsten in Eastern Asia?

In value terms, China remains the largest tungsten supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 1.7% share of total exports.

What are the leading importers of tungsten in Eastern Asia?

In value terms, Japan constitutes the largest market for imported tungsten in Eastern Asia, comprising 80% of total imports. The second position in the ranking was occupied by South Korea, with a 16% share of total imports.

What is the average export price for tungsten in Eastern Asia?

The export price in Eastern Asia stood at $42,776 per ton in 2021, picking up by 32% against the previous year.

What is the average import price for tungsten in Eastern Asia?

In 2021, the import price in Eastern Asia amounted to $39,277 per ton, increasing by 15% against the previous year.

This report provides an in-depth analysis of the tungsten market in Eastern 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:

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

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

Reasons to buy this report:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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
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