Key Market Indicators
Sri Lanka’s tungsten imports are forecast to reach around $146,000 by 2026, up 0.4% annually from 2021. Since 1999, demand has decreased by 0.6% each year. In 2021, Sri Lanka was ranked 66th, with Croatia overtaking it at $143,000. Germany, Japan and Austria were number 2, 3 and 4 respectively. Meanwhile, Sri Lanka’s tungsten exports are expected to reach nearly $2.5 million by 2026, rising 4.5% each year on average since 2006. In 2021, Sri Lanka was ranked 27th, with Spain overtaking it at $1.9 million. Germany, the United States and Japan were numbers 2, 3 and 4 respectively.
