Key Market Indicators
Canadian imports of tungsten are expected to reach $22 million by 2026, a 1% annual growth rate since 2021. Canada imported $20.6 million of tungsten in 2021, ranking 13th globally. India was the top importer, followed by Germany, Japan and Austria. Canadian exports of tungsten are forecast to hit $30 million by 2026, a 2.7% annual growth rate since 2021. Canada exported $25.3 million of tungsten in 2021, ranking 9th globally. France was the top exporter, followed by Germany, the United States and Japan. Since 1994, Canadian demand for tungsten has grown 7.2% annually, while its supply has increased by 17.9%.
