Key Market Indicators
Mexican tungsten exports are projected to reach nearly $11 million by 2026, up from $8.9 million in 2021. This is a 3.5% year-on-year average growth rate since 1995 when the figure was 17.7%. In 2021, Mexico was ranked 15th, with Belgium just ahead at $8.9 million. Germany, the United States and Japan placed second, third and fourth, respectively. Mexican tungsten imports are estimated to reach nearly $40 million by 2026, up from $35.8 million in 2021. This is a 1.8% year-on-year compound annual growth rate since 1995 when the figure was 7.1%. In 2021, Mexico ranked 10th, with France ahead at $35.8 million. Germany, Japan and Austria placed second, third and fourth, respectively.