Key Market Indicators
Singaporean tungsten exports are predicted to drop by 0.7% year on year CAGR, reaching $7.1 million by 2026. This figure was $7.4 million in 2021, when Singapore came in at number 19 in the global ranking. Morocco was ahead with $7.4 million, while Germany, the United States and Japan respectively came in at numbers 2, 3 and 4. From 1994, Singaporean tungsten supply has risen by 4.8% year on year. Meanwhile, imports of tungsten into Singapore are expected to decrease by 0.4% year on year CAGR, reaching $19 million by 2026. This figure was $19.5 million in 2021, when Singapore was number 16 in the global ranking. The Czech Republic was ahead with $19.5 million, while Germany, Japan and Austria respectively came in at numbers 2, 3 and 4. Since 1994, Singaporean tungsten demand has risen by 11.1% year on year.
