As of 2024, Germany leads European imports of tungsten and tungsten articles with a 21.74% share but saw a slight decline of 0.87% in 2023. Spain significantly increased its share by 21.5%, reaching 20.35%. Slovakia, a strong player, shrunk by 11.15% to 10.48%. Italy and Poland had modest performances, with Italy experiencing a 5.22% increase and Poland a decrease of 2.54%. Smaller markets such as Croatia and Finland displayed remarkable growth at 68.05% and 12.4%, respectively, while Belgium plummeted by 38.69%.
Future trends to watch include Spain potentially overtaking Germany if growth continues. Additionally, rising imports from smaller countries such as Croatia and Finland could shift market dynamics. Monitoring how economic and geopolitical factors impact these imports will be crucial in forecasting future developments.
Top countries in Import of Tungsten (Wolfram) and Tungsten Articles Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.74 | 2023 | +0.91% | -0.87% | View data |
| 2 | 2 Spain | 20.35 | 2023 | +23.1% | +21.5% | View data |
| 3 | 3 Slovakia | 10.48 | 2023 | -3.34% | -11.15% | View data |
| 4 | 4 Italy | 9.63 | 2023 | +12.11% | +5.22% | View data |
| 5 | 5 Poland | 7.88 | 2023 | +4.95% | -2.54% | View data |
| 6 | 6 Czechia | 5.99 | 2023 | |||
| 7 | 7 France | 5.04 | 2023 | -1.11% | -6.26% | View data |
| 8 | 8 United Kingdom | 4.3 | 2023 | -5.04% | -4.56% | View data |
| 9 | 9 Ireland | 2.77 | 2023 | +0.0053% | +10.29% | View data |
| 10 | 10 Denmark | 1.9 | 2023 | +14.04% | -12.13% | View data |
