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China Tungsten Industry Outlook 2022 - 2026

See how China Tungsten performed compared to key markets such as Germany and the United States.

Key Market Indicators

China is the world's largest tungsten producer and exporter, with exports estimated to reach $275 million by 2026. This is an increase of 2.1% year on year compared to 2021's figure of $242 million. Since 1997, Chinese supply has grown 6.8% year on year. Germany, the United States, and Japan were the second, third and fourth largest exporters, respectively. China is also the seventh largest importer of tungsten, with imports estimated to reach $49 million by 2026. This is a 0.5% year on year average increase compared to 2021's figure of $47 million. Since 1997, Chinese demand has increased 1.1% year on year. South Korea was the sixth largest importer in 2021, overtaking China with $47 million. Germany, Japan and Austria were the second, third and fourth largest importers, respectively.

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