Tungsten Market - Global Trade in Tungsten Shows Extreme Volatility

Other Mining And Quarrying November 23, 2016
Author: Maria Fadeeva
Market Analyst

tungsten market

Photo: © Stoycho Stoychev / Bigstockphoto

The global trade in tungsten fluctuated wildly over the period under review. A 79% drop in 2009 was followed by exports doubling over the next two years, until exports decreased again, and continued to fall until 2015. 2015 saw a slight uptick in exports, ending with 27 million USD. Overall, there was an annual decrease of -10.5% from 2007 to 2015.

According to IndexBox estimates, the UK became the leading global exporter of tungsten. In 2015, tungsten exports from the UK totaled 7 million USD, which accounted for a 24% share of global exports. Hong Kong, USA, Switzerland, and Vietnam were the other key global suppliers of tungsten in 2015, with a 51% combined share of global exports.

Hong Kong (+50.9% per year) and the UK (+5.2% per year) were the fastest growing exporters on the tungsten market from 2007 to 2015. The UK significantly strengthened its position in terms of global tungsten exports, growing its share from 7% in 2007 to 24% in 2015.

Japan (19%, based on value terms), USA (16%), China (9%), Australia (6%), and the Republic of Korea (6%) were the leading destinations of tungsten imports in 2015. Imports to Australia grew at a rapid pace of +37.6% per year from 2007 to 2015. None of the major importers contracted their imports of tungsten over the period under review. Japan's share of global imports increased significantly (+8 percentage points), while the share of the USA illustrated negative dynamics (-1 percentage points).

Global Exports Of Tungsten, In Value Terms

Do you want to know more about the global tungsten market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • tungsten market share
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  • tungsten sales
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Source: World: Tungsten - Market Report. Analysis And Forecast To 2020