Key Market Indicators
Azerbaijan's imports of tungsten are expected to decrease by 1.6% on average annually, reaching approximately $19,840 in 2026. From 2003 to 2021, demand for tungsten in the country grew by an average of 7.2% annually. In 2021, Azerbaijan was ranked 86th in terms of tungsten imports, with $21,860. Lebanon came in ahead of them, at $21,860. The top three countries for tungsten imports were Germany, Japan, and Austria. In 2019, Azerbaijan was ranked 71st in terms of tungsten imports, with El Salvador taking the lead at $1,240. The top three countries for tungsten imports were Germany, the United States, and Japan.
