In 2023, the import of tungsten ores and concentrates to the UK stood at approximately 1.1 million US dollars. The forecast for the years 2024 to 2028 indicates a consistent growth trend, with values increasing each year from 1.1596 million in 2024 to 1.3779 million by 2028. This marks an average compound annual growth rate (CAGR) over these forecast years.
Future trends to watch include:
- Potential impact of global economic conditions on demand for tungsten.
- Technological advancements influencing tungsten use in industries.
- Trade policies and geopolitical factors affecting supply chain and costs.
