Key Market Indicators
Indonesian tungsten import is projected to reach $4.2 million by 2026 from $4.1 million in 2021, growing slightly at a 0.5% year-on-year compound annual growth rate (CAGR). Since 1994, Indonesian demand has risen 6.7% year-on-year. In 2021, the country held the 34th position in the ranking, with the Netherlands coming ahead at $4.1 million. Germany, Japan, and Austria ranked second, third, and fourth respectively. Indonesian tungsten export is predicted to reach $1.5 million by 2026 from $1.4 million in 2021, growing at a 1.1% year-on-year CAGR. Since 1995, Indonesian supply increased 10.8% annually. In 2021, the country held the 31st spot in the ranking, with the Philippines ahead at $1.4 million. Germany, the United States, and Japan took the second, third, and fourth places respectively.
