Key Market Indicators
Japanese exports of tungsten are forecast to reach $63.4 million by 2026, down 1.4% a year on average since 2021. In 2021, Japan was the fourth largest supplier, with exports at $68.9 million. Germany, the US and Japan were the top three exporters, in that order. Meanwhile, Japanese imports of tungsten are expected to total $133.6 million by 2026, up 2.1% on average since 2021. In 2021, Germany was the top importer, with imports at $117.7 million. Germany, Japan and Austria were the top three importers, in that order. Since 1993, Japan's imports have grown 13.1% annually.