Key Market Indicators
Australian tungsten exports are projected to drop slightly to $514 million by 2026, from $520 million in 2021. This year-on-year average rate of decrease is 0.2%. Since 1993, Australian tungsten exports have grown by 7.7% annually. In 2021, Australia ranked 37th globally for tungsten exports, with Slovakia overtaking them at $520 million. Germany, the United States and Japan ranked 2nd, 3rd and 4th respectively. Australian tungsten imports are expected to increase to $11.9 billion by 2026, up from $10.4 billion in 2021. This year-on-year average rate of growth is 2.3%. Since 1993, Australian tungsten imports have risen 11.6% annually. This year, Australia ranked 20th globally for tungsten imports, with Switzerland coming in ahead at $10.4 billion. Germany, Japan and Austria respectively ranked 2nd, 3rd and 4th.
