The forecast for the import of tungsten (wolfram) powder to India shows a consistent decline from 2024 to 2028. In 2023, the value of this import was slightly higher than the projected 2024 figure. Year-on-year, a slight downward trend is evident, with the import value decreasing steadily by an average of approximately 1.5% annually over the five-year forecast period. This decrease suggests a continued reduction in import dependency or a shift in demand dynamics.
Future trends to watch for include potential changes in global tungsten supply chains, technological advancements in alternative materials, or shifts in India's domestic production capabilities that could alter import needs.
