Key Market Indicators
Colombia's tungsten exports are expected to total $23.5 million by 2026, decreasing 3.7% annually from 2021's $29.4 million. Since 1996, Colombian supply has dropped 14.9% year-over-year. In 2021, the country ranked 56th, with New Zealand coming in ahead at $29.4 million. Germany, the United States and Japan were the top three countries in this ranking. Colombia's tungsten imports are projected to reach $1.08 billion by 2026, increasing 2.4% each year from 2021's $939 million. Since 1996, Colombian demand has grown 12.9% annually. In 2021, the country placed 47th, with Argentina overtaking at $939 million. Germany, Japan and Austria were the second, third and fourth most prominent countries in this ranking.
