Key Market Indicators
Luxembourger demand for tungsten is forecast to grow 4.5% year-on-year on average up to 2026, reaching $6.4 million. In 2021, it stood at $4.9 million, placing Luxembourg 29th in the world - Romania overtook it that year. Germany, Japan and Austria were in second, third and fourth places respectively. Luxembourger tungsten exports are projected to reach $6.6 million by 2026, growing at an average rate of 3.7% year-on-year. In 2021, it was $5.3 million, ranking 22nd in the world - Russia overtook it that year. Germany, the United States and Japan took the second, third and fourth places respectively.