The global export market for tungsten powder in 2023 was dominated by China, making up a substantial share at 43.37%, followed by the Czech Republic at 18.38%, and Canada at 8.81%. Notably, China saw a slight year-on-year increase of 0.59%, while the U.S. and Japan experienced declines of 7.5% and 8.05% respectively. Smaller players, like Luxembourg, saw a significant increase (82.7%), whereas Switzerland decreased by 16.36%. Over five years, the CAGR reflects varied growth patterns, highlighting China's expanding dominance and the volatility faced by other key players.
Future trends to watch include China's continued dominance, potential recovery or further decline of traditional players like the U.S. and Japan, and emerging markets like Luxembourg and the UAE that have shown recent growth spurts. Economic developments, geopolitical changes, and advancements in alternative materials may impact these dynamics.
Top countries in Export of Tungsten (Wolfram) Powder Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 43.37 | 2023 | +3.5% | +0.59% | View data |
| 2 | 2 Czech Republic | 18.38 | 2023 | +3.82% | -3.49% | View data |
| 3 | 3 Canada | 8.81 | 2023 | +1.67% | -1.25% | View data |
| 4 | 4 South Korea | 7.5 | 2023 | -0.29% | -0.81% | View data |
| 5 | 5 United States | 6.7 | 2023 | -9.21% | -7.5% | View data |
| 6 | 6 Japan | 3.22 | 2023 | +0.28% | -8.05% | View data |
| 7 | 7 France | 2.6 | 2023 | -2.63% | -4.59% | View data |
| 8 | 8 United Kingdom | 1.21 | 2023 | -0.92% | -3.91% | View data |
| 9 | 9 Israel | 0.65 | 2023 | -9.66% | -5.37% | View data |
| 10 | 10 India | 0.29 | 2023 | +2.55% | +0.49% | View data |
