Key Market Indicators
Ecuadorian imports of tungsten are predicted to reach $46.5 million by 2026, a decline of 6.3% year-on-year. Since 1996, demand has dropped by an average of 9.2% annually. In 2021, Ecuador was ranked 75th in the world, overtaken by Trinidad and Tobago at $67.8 million. Germany, Japan and Austria followed in 2nd, 3rd and 4th place respectively. Exports of tungsten from Ecuador increased 17.9% to $993 million in 2018, up from $842 million in 2017. The country was placed 73rd on the global ranking, with Montenegro above at $993 million. Germany, the United States and Japan were 2nd, 3rd and 4th respectively.
