Key Market Indicators
Latvian tungsten exports are set to reach $162.5 million in 2026, according to figures from 2021. This represents a 4.1% year-on-year growth rate from $127.6 million in 2021. Since 2000, Latvian supply has increased by 66.8% year on year. Seychelles topped the rankings in 2021 with $127.6 million, while Germany, the US and Japan placed second, third and fourth, respectively. Latvian tungsten imports, meanwhile, reached $21.6 million in 2021, down 5.4% from the $22.9 million recorded in 2020. Since 1999, Latvian demand has decreased by 15.1% year on year. Ghana topped the rankings in 2021 with $21.6 million, while Germany, Japan and Austria placed second, third and fourth, respectively.
