Key Market Indicators
Swiss tungsten exports are projected to reach around $12.3 million by 2026, increasing at a slow rate of 0.9% each year since 2021. This is an uptick from 1993, which saw an average annual growth of 4%. Switzerland ranked 14th in 2021, with Poland coming in ahead at $11.6 million. Germany, the United States and Japan were the second, third and fourth highest exporters respectively. Meanwhile, Swiss tungsten imports are set to drop to $9.9 million by 2026, with a year-on-year CAGR of 0.7% since 2021. This is an increase since 1993, with an average annual growth of 4.3%. Switzerland ranked 21st in 2021, with Russia overtaking at $10.3 million. Germany, Japan and Austria were the second, third and fourth highest importers respectively.
