Germany and Austria are the dominant importers of unwrought tungsten, with a combined share of over 43% in kilograms as of 2023. Both countries have shown a steady year-on-year growth rate of 1.59% and 5.75% respectively, with Austria experiencing a particularly robust increase.
The United States, Finland, and the United Kingdom follow with moderate import shares, showing slight but consistent growth. Japan also maintains a significant portion, growing at 2.59%. Notably, Lithuania and France exhibit strong growth trends, indicating potential emerging players.
Countries like Malaysia and Slovakia are experiencing noticeable declines, while the United Arab Emirates and Bahrain stand out with impressive growth rates, signaling potential shifts in the market dynamics.
Future trends to watch include the potential for emerging countries such as the UAE and Bahrain to increase their import share significantly. Additionally, geopolitical factors and technological advancements in tungsten utilization may impact global trade patterns.
Top countries in Import of Unwrought Tungsten, Including Bars and Rods Obtained Simply by Sintering Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.42 | 2023 | +1.74% | +1.59% | View data |
| 2 | 2 Austria | 20.78 | 2023 | +5.22% | +5.75% | View data |
| 3 | 3 United States | 16.02 | 2023 | +2.62% | +1.51% | View data |
| 4 | 4 Finland | 9.72 | 2023 | +4.9% | +5.03% | View data |
| 5 | 5 United Kingdom | 9.09 | 2023 | +1.58% | +1.25% | View data |
| 6 | 6 Japan | 8.41 | 2023 | +4.46% | +2.59% | View data |
| 7 | 7 France | 2.16 | 2023 | -0.044% | +6.51% | View data |
| 8 | 8 Indonesia | 1.95 | 2023 | +6.74% | +0.93% | View data |
| 9 | 9 South Korea | 1.81 | 2023 | +4.19% | +6.5% | View data |
| 10 | 10 Czech Republic | 1.78 | 2023 | +3.75% | -3.25% | View data |
