The UK's import of ferro-tungsten and ferro-silico-tungsten has been on an upward trajectory, with the 2023 figures reportedly at approximately 95.5 thousand kilograms. The forecast depicts a steady annual increase in imports from 2024 to 2028, starting at 98.5 thousand kilograms and reaching 110.59 thousand kilograms. This signifies a positive trend in demand for these materials, likely due to industrial usage and technological applications. The year-on-year percentage variations are consistent, demonstrating reliability in market growth. The compound annual growth rate (CAGR) over these five years shows a moderate average increase.
Future trends to monitor include potential shifts in global tungsten supply chains, emerging technological advancements demanding higher tungsten utilization, and UK trade policy changes post-Brexit that could impact import dynamics and costs. These factors could either bolster or impede the anticipated growth pattern
