Key Market Indicators
Demand for tungsten imports in Laos is set to reach $2.2 million by 2026, up from $1.8 million in 2021. This marks an average annual growth rate of 3.4%. Since 2015, Lao demand has grown at a 6.7% year-on-year clip, positioning it at number 41 in the global rankings. Ukraine came ahead of Laos in 2021 with $1.8 million in imports, followed by Germany, Japan, and Austria at numbers 2, 3, and 4 respectively.
