Key Market Indicators
India's exports of tungsten are forecast to reach $24 million by 2026, a 1.1% year-on-year increase from $22 million in 2021. The nation has seen a 3.9% year-on-year growth in supply since 1993, placing it 11th in 2021, behind Italy with $21.9 million. Germany, the United States and Japan were ranked 2nd, 3rd and 4th respectively. India's imports of tungsten are projected to reach $29 million by 2026, a 1.1% year-on-year growth from $27 million in 2021. Demand has risen 3.2% year-on-year since 1993, placing India 12th in 2021, behind Italy with $27.1 million. Germany, Japan and Austria were ranked 2nd, 3rd and 4th respectively.
