In 2023, Germany led global imports of ferro-tungsten and ferro-silico-tungsten, followed by Austria, Japan, and Belgium. Germany saw a 3.33% increase Year-on-Year, Austria a 1.47% rise, while Japan faced an 8.54% decline. The Netherlands and France also witnessed negative trends. Malta's imports surged 10.99%, variation that might indicate emerging market opportunities. The US and South Korea recorded significant import declines. Bulgaria, Poland, and Greece experienced steep drop-offs, with Greece down by 24.49%. Overall, the Compound Annual Growth Rate (CAGR) showcases variable performance across regions as European countries dominate market share.
Future trends to watch include further demand shifts toward Asian economies, given increased growth potential and infrastructural developments. Changes in trade policies, technological advancements, and sustainable industry practices may influence global import variations, potentially leading to diversifying sources and varied import patterns.
Top countries in Import of Ferro-Tungsten and Ferro-Silico-Tungsten Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.8 | 2023 | +0.88% | +3.33% | View data |
| 2 | 2 Austria | 17.59 | 2023 | +3.18% | +1.47% | View data |
| 3 | 3 Japan | 13.52 | 2023 | -2.06% | -8.54% | View data |
| 4 | 4 Belgium | 12.6 | 2023 | +4.71% | +2.89% | View data |
| 5 | 5 Netherlands | 10.18 | 2023 | -2.51% | -2.67% | View data |
| 6 | 6 France | 5.67 | 2023 | +0.47% | -1.77% | View data |
| 7 | 7 Italy | 4.97 | 2023 | +0.6% | +0.024% | View data |
| 8 | 8 South Korea | 2.59 | 2023 | -0.55% | -5.26% | View data |
| 9 | 9 United States | 2.17 | 2023 | -9.69% | -7.42% | View data |
| 10 | 10 United Kingdom | 1.78 | 2023 | +4.28% | +2.52% | View data |
