Salts; Tungstates (Wolframates) Price in Belarus - 2022

Salts; Tungstates (Wolframates) Price in Belarus (CIF) - 2022

The average salts; tungstates (wolframates) import price stood at $50,250 per ton in 2022, picking up by 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 124% against the previous year. The import price peaked at $66,667 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($59,333 per ton), while the price for the United States ($32,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.5%), while the prices for the other major suppliers experienced a decline.

Salts; Tungstates (Wolframates) Price in Belarus (FOB) - 2022

The average salts; tungstates (wolframates) export price stood at $16,750 per ton in 2022, picking up by 8.9% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. As a result, the export price attained the peak level of $27,778 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +3.8% per year.

Salts; Tungstates (Wolframates) Imports in Belarus

In 2022, the amount of salts; tungstates (wolframates) imported into Belarus declined to 8 kg, which is down by -11.1% against the previous year's figure. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of 9 kg, and then reduced in the following year.

In value terms, salts; tungstates (wolframates) imports totaled $402 in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 303% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Salts; Tungstates (Wolframates) in Belarus (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	100	61.0	149	178	21.2%
Russia	57.0	15.0	93.0	95.0	18.6%
Belgium	7.0	4.0	48.0	49.0	91.3%
United States	28.0	15.0	31.0	32.0	4.6%
India	N/A	N/A	31.0	N/A	0%
Others	8.0	4.0	47.0	48.0	81.7%
Total	200	99.0	399	402	26.2%

Top Suppliers of Salts; Tungstates (Wolframates) to Belarus in 2022:

Germany (3.0 kg)
Russia (2.0 kg)
United States (1.0 kg)
Belgium (1.0 kg)

Salts; Tungstates (Wolframates) Exports in Belarus

In 2022, the amount of salts; tungstates (wolframates) exported from Belarus contracted to 12 kg, falling by -7.7% compared with 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 550% against the previous year. As a result, the exports attained the peak of 13 kg, and then fell in the following year.

In value terms, salts; tungstates (wolframates) exports reached $201 in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 525%. The exports peaked in 2022 and are likely to see steady growth in years to come.