Netherlands: Tungsten Market 2024

Tungsten Market Size in the Netherlands

The Dutch tungsten market dropped notably to $X in 2022, waning by -63.9% against the previous year. Overall, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Tungsten Production in the Netherlands

In value terms, tungsten production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tungsten Exports

Exports from the Netherlands

In 2022, tungsten exports from the Netherlands contracted rapidly to X tons, dropping by -34.9% against the previous year. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 296%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tungsten exports dropped sharply to $X in 2022. Over the period under review, exports recorded a noticeable decrease. The growth pace was the most rapid in 2016 with an increase of 164%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for tungsten exports from the Netherlands, accounting for a 40% share of total exports. Moreover, tungsten exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.7% per year) and Italy (+25.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for tungsten exports from the Netherlands, comprising 38% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.7% per year) and Italy (+17.2% per year).

Export Prices by Country

The average tungsten export price stood at $X per ton in 2022, with an increase of 26% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tungsten export price increased by +91.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden ($X 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 Austria (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tungsten Imports

Imports into the Netherlands

In 2022, overseas purchases of tungsten decreased by -83.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 426%. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, tungsten imports fell notably to $X in 2022. Over the period under review, imports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2014 with an increase of 333%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Imports by Country

China (X tons), the UK (X tons) and the United States (X kg) were the main suppliers of tungsten imports to the Netherlands, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +60.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest tungsten suppliers to the Netherlands were the UK ($X), China ($X) and the United States ($X), with a combined 97% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +82.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average tungsten import price amounted to $X per ton, jumping by 26% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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