Key Market Indicators
Serbian tungsten exports are projected to reach $23 million by 2026, declining 1.5% per year on average from $25 million in 2021. Since 2010, the country's supply has grown 84%. Serbia ranked 59th in 2021, with Ukraine ahead at $25 million. Germany, the United States and Japan were in second, third and fourth place in the ranking, respectively. Meanwhile, Serbian tungsten imports are expected to reach $151 million by 2026, increasing by 0.8% annually from $144 million in 2021. Since 2010, demand for the metal has risen 11%. Serbia was 65th in 2021, with Sri Lanka ahead at $144 million. Germany, Japan and Austria were in second, third and fourth place, respectively.