In 2023, Germany led the global import of Ferro-Tungsten and Ferro-Silico-Tungsten with $35.009 million, followed by Austria and Japan. Significant year-on-year variations included an increase in imports for Germany (3.33%), Austria (1.47%), and a decline for Japan (-8.54%). Other notable changes were Belgium at 2.89%, and drops for South Korea and the United States at -5.26% and -7.42% respectively. Brazil saw a substantial decrease of -11.4%. Emerging trends showed Malaysia's imports growing by 10.99%, while the Czech Republic faced an -18.81% contraction.
Looking ahead, future trends to watch include increased diversification in sourcing and potential geopolitical influences impacting supply chains. Countries with rising imports may experience shifts in industrial strategies, potentially fostering innovations in tungsten applications. The resurgence in demand in the technology sector may drive imports further.
Top countries in Import of Ferro-Tungsten and Ferro-Silico-Tungsten by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35,009,000 | 2023 | +0.88% | +3.33% | View data |
| 2 | 2 Austria | 28,248,000 | 2023 | +3.18% | +1.47% | View data |
| 3 | 3 Japan | 21,709,000 | 2023 | -2.06% | -8.54% | View data |
| 4 | 4 Belgium | 20,227,000 | 2023 | +4.71% | +2.89% | View data |
| 5 | 5 Netherlands | 16,351,000 | 2023 | -2.51% | -2.67% | View data |
| 6 | 6 France | 9,098,000 | 2023 | +0.47% | -1.77% | View data |
| 7 | 7 Italy | 7,982,400 | 2023 | +0.6% | +0.024% | View data |
| 8 | 8 South Korea | 4,152,700 | 2023 | -0.55% | -5.26% | View data |
| 9 | 9 United States | 3,477,900 | 2023 | -9.69% | -7.42% | View data |
| 10 | 10 United Kingdom | 2,863,300 | 2023 | +4.28% | +2.52% | View data |
