The global export market for tungsten powder is dominated by China, which accounted for the largest share in 2023. Despite minor growth, it retains a significant lead over other countries. The Czech Republic and Canada are other notable exporters, although they have experienced slight declines recently. South Korea and the United States follow, showing more modest reductions. Unexpectedly, Luxembourg, the UAE, and Norway have shown remarkable increases, albeit from minimal bases.
Looking ahead, watch for fluctuations in China's output due to potential geopolitical factors and evolving industrial demands. Additionally, rising technological applications could influence new market entrants and demand dynamics, particularly favoring growing economies. Climate regulations might also impact key exporters such as China and the Czech Republic.
Top countries in Export of Tungsten (Wolfram) Powder by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81,942,000 | 2023 | +3.5% | +0.59% | View data |
| 2 | 2 Czech Republic | 34,736,000 | 2023 | +3.82% | -3.49% | View data |
| 3 | 3 Canada | 16,641,000 | 2023 | +1.67% | -1.25% | View data |
| 4 | 4 South Korea | 14,162,000 | 2023 | -0.29% | -0.81% | View data |
| 5 | 5 United States | 12,669,000 | 2023 | -9.21% | -7.5% | View data |
| 6 | 6 Japan | 6,076,800 | 2023 | +0.28% | -8.05% | View data |
| 7 | 7 France | 4,906,100 | 2023 | -2.63% | -4.59% | View data |
| 8 | 8 United Kingdom | 2,294,900 | 2023 | -0.92% | -3.91% | View data |
| 9 | 9 Israel | 1,220,300 | 2023 | -9.66% | -5.37% | View data |
| 10 | 10 India | 545,310 | 2023 | +2.55% | +0.49% | View data |
