Analysis of tungsten imports and exports in 2007-2015

       
IndexBox has just published a new report “World: Tungsten - Market Report. Analysis And Forecast To 2020”. This report has been designed to provide a detailed analysis of the global tungsten market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices.Here, we will analyze the situation of the global tungsten imports and exports in 2007-2015.






The global trade in tungsten fluctuated wildly over the period under review. A 79% drop in 2009 was followed by exports doubling over the next two years, until exports decreased again, and continued to fall until 2015. 2015 saw a slight uptick in exports, ending with 27 million USD. Overall, there was an annual decrease of -10.5% from 2007 to 2015.






According to IndexBox estimates, Japan (19%, based on value terms), USA (16%), China (9%), Australia (6%), and the Republic of Korea (6%) were the leading destinations of tungsten imports in 2015. Imports to Australia grew at a rapid pace of +37.6% per year from 2007 to 2015. None of the major importers contracted their imports of tungsten over the period under review. Japan's share of global imports increased significantly (+8 percentage points), while the share of the USA illustrated negative dynamics (-1 percentage points).






On the basis of IndexBox estimates, the UK became the leading global exporter of tungsten. In 2015, tungsten exports from the UK totaled 7 million USD, which accounted for a 24% share of global exports. Hong Kong, USA, Switzerland, and Vietnam were the other key global suppliers of tungsten in 2015, with a 51% combined share of global exports.Hong Kong (+50.9% per year) and the UK (+5.2% per year) were the fastest growing exporters from 2007 to 2015. The UK significantly strengthened its position in terms of global tungsten exports, growing its share from 7% in 2007 to 24% in 2015.