Key Market Indicators
Brazilian export of tungsten is estimated to grow to nearly $4 million by 2026, up 3% year on year. The country was number 25 in 2021, with Sweden just ahead at $3.1 million. Germany, the United States and Japan were numbers 2, 3 and 4 respectively. Meanwhile, Brazil's import of tungsten is projected to decrease to around $4.7 million by 2026, down 7.3% year on year. In 2021, the country was number 24, with Hungary at $7.3 million. Germany, Japan and Austria came in at numbers 2, 3 and 4 respectively. Since 1994, Brazilian demand for tungsten has decreased by 4.6% year on year.
