Key Market Indicators
Lithuanian imports of tungsten are projected to drop by 0.4% annually on average to reach $351,050 by 2026. The demand for the mineral has grown by 8.3% since 1999. The country ranked 57th in 2021, with Bangladesh coming in ahead with $359,540. The top three countries in the ranking were Germany, Japan and Austria. Meanwhile, Lithuanian exports of tungsten are expected to increase 3.5% year on year to reach $629,580 in 2026. Since 1999, the supply has grown by 31.4%. In 2021, Lithuania was 38th in the ranking, with Zimbabwe ahead at $512,080. Germany, the United States and Japan took the top three spots.
