The global export of unwrought tungsten, including bars and rods obtained simply by sintering, in 2023, was led by Germany, China, and the United Kingdom. Germany's exports showed a modest growth of 1.46%, while China experienced a more robust increase of 3.36%. The UK also saw growth, albeit at a slower rate of 1.16%. Japan's exports surged with a 6.34% increase, while the United States experienced a minor decline of 0.26%. Notably, Canada's exports surged with a significant 23.32% increase. The Czech Republic faced a substantial decrease of 12.36%, while Chile showed a strong positive trend with a 15.65% increase.
Looking ahead, the global tungsten market is expected to witness trends such as increasing demand from the electronics and automotive sectors. The rise in sustainable energy solutions and greener technologies may stimulate tungsten markets, further supported by technological advancements in manufacturing processes. However, geopolitical factors, potential trade regulations, and environmental concerns might impact the market's growth trajectory.
Top countries in Export of Unwrought Tungsten, Including Bars and Rods Obtained Simply by Sintering by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 119,690,000 | 2023 | +2.82% | +1.46% | View data |
| 2 | 2 China | 68,084,000 | 2023 | +6.39% | +3.36% | View data |
| 3 | 3 United Kingdom | 45,640,000 | 2023 | +1.86% | +1.16% | View data |
| 4 | 4 Japan | 20,743,000 | 2023 | +2.82% | +6.34% | View data |
| 5 | 5 United States | 16,814,000 | 2023 | -1.69% | -0.26% | View data |
| 6 | 6 Thailand | 12,001,000 | 2023 | +5.74% | +5.77% | View data |
| 7 | 7 Mexico | 9,607,600 | 2023 | +4.67% | +2.93% | View data |
| 8 | 8 India | 8,870,800 | 2023 | +3.46% | +1.11% | View data |
| 9 | 9 South Africa | 7,970,900 | 2023 | +2.85% | +2.38% | View data |
| 10 | 10 South Korea | 7,951,400 | 2023 | +1.45% | +2.74% | View data |
