Key Market Indicators
Norway's tungsten exports are expected to total $570,000 by 2026, a 4.7% increase from 2021's $430,000. Since 1998, exports have grown 92%. In 2021, Norway ranked 41st in exports, overtaken by Lithuania with $430,000. Germany, the US and Japan came in at 2nd, 3rd and 4th respectively. Imports of tungsten are projected to reach $7.5 million by 2026, a 2.5% yearly growth from 2021's $6.5 million. Since 1998, imports have fallen by 0.9% each year. In 2021, Norway ranked 26th in imports, overtaken by Belgium with $6.5 million. Germany, Japan and Austria followed at 2nd, 3rd and 4th respectively.
