In 2023, Germany led global imports of Ferro-Tungsten and Ferro-Silico-Tungsten at over 1.3 million kilograms, with a significant year-on-year increase of 5.05%. Austria and Belgium showed moderate growth of 2.05% and 3.72% respectively, while Japan and the Netherlands declined by 6.13% and 1.54%. Notably, Malaysia observed a remarkable increase of 36.12% in imports, becoming a key emerging market. The United States and Poland faced significant declines of 18.95% and 36.14%, respectively.
Future trends to watch include market demand shifts due to emerging technologies, potential trade policy changes influencing tariffs and quotas, and the impact of geopolitical tensions on supply chain stability. Monitoring these factors will be crucial for strategic planning and decision-making in the import landscape.
Top countries in Import of Ferro-Tungsten and Ferro-Silico-Tungsten by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,309,000 | 2023 | -0.046% | +5.05% | View data |
| 2 | 2 Austria | 1,006,300 | 2023 | +2.38% | +2.05% | View data |
| 3 | 3 Japan | 804,060 | 2023 | -2.33% | -6.13% | View data |
| 4 | 4 Belgium | 786,790 | 2023 | +4.43% | +3.72% | View data |
| 5 | 5 Netherlands | 577,800 | 2023 | -4.01% | -1.54% | View data |
| 6 | 6 Italy | 291,520 | 2023 | +0.11% | +1.23% | View data |
| 7 | 7 France | 290,980 | 2023 | -2.07% | -2.3% | View data |
| 8 | 8 South Korea | 182,850 | 2023 | +0.096% | -3.89% | View data |
| 9 | 9 Malaysia | 124,050 | 2023 | +4.35% | +36.12% | View data |
| 10 | 10 United Kingdom | 95,280 | 2023 | +3.17% | +2.17% | View data |
