Key Market Indicators
British tungsten import and export are both set to grow in the coming years. In 2021, British tungsten import reached $55.8 million and ranked fifth in the world. Since 1998, demand has risen 7.9% on average each year. Austria led the way with $55.8 million, followed by Germany, Japan and Austria respectively. British tungsten export is predicted to reach $60.9 million by 2026, growing at 1.4% year on year. Supply has increased 7.4% on average since 1998. In 2021, Japan was the leading exporter with $56 million, followed by Germany, the United States and Japan respectively.