Key Market Indicators
Malaysia's tungsten export is expected to reach $2.2 million by 2026, growing at a 3.3% year-on-year compound annual growth rate (CAGR). This is an increase from $1.8 million in 2021 and a 19.7% growth since 1994. In 2021, Malaysia was ranked 28th, with Sri Lanka overtaking it at $1.8 million. Germany, the United States and Japan were ranked 2nd, 3rd and 4th respectively. Malaysia's tungsten import is forecasted to reach $12.1 million by 2026, with an average year-on-year growth rate of 3.6%. This is an increase from $9.7 million in 2021, and a 15.9% growth since 1994. In 2021, Malaysia was ranked 22nd, with Australia overtaking it at $9.7 million. Germany, Japan and Austria were ranked 2nd, 3rd and 4th respectively.
