Report Update Nov 1, 2024

Luxembourg - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Tungsten Market 2024

Tungsten Market Size in Luxembourg

In 2022, the Luxembourg tungsten market increased by 33% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a strong expansion. Tungsten consumption peaked in 2022 and is expected to retain growth in years to come.

Tungsten Production in Luxembourg

In value terms, tungsten production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Tungsten Exports

Exports from Luxembourg

In 2022, tungsten exports from Luxembourg totaled X tons, picking up by 6.6% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 10%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tungsten exports surged to $X in 2022. In general, exports enjoyed a significant increase. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for tungsten exports from Luxembourg, accounting for a 82% share of total exports. Moreover, tungsten exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for tungsten exports from Luxembourg, comprising 85% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +5.9%.

Export Prices by Country

The average tungsten export price stood at $X per ton in 2022, jumping by 37% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.5%), while the prices for the other major destinations experienced a decline.

Tungsten Imports

Imports into Luxembourg

In 2022, tungsten imports into Luxembourg declined markedly to X kg, reducing by -73.5% compared with 2021. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,620,300% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tungsten imports reduced notably to $X in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,155,371%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X kg) was the main supplier of tungsten to Luxembourg, with a 95% share of total imports. Moreover, tungsten imports from Austria exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria totaled -55.8%.

In value terms, Austria ($X) constituted the largest supplier of tungsten to Luxembourg, comprising 96% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria amounted to -50.9%.

Import Prices by Country

The average tungsten import price stood at $X per ton in 2022, with a decrease of -24.7% against the previous year. Over the period under review, the import price, however, saw prominent growth. The growth pace was the most rapid in 2019 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in the world?

The country with the largest volume of tungsten consumption was China, comprising approx. 86% of total volume. It was followed by Russia, with a 2.5% share of total consumption.

What are the largest producers of tungsten in the world?

China remains the largest tungsten producing country worldwide, comprising approx. 88% of total volume. It was followed by Russia, with a 2.4% share of total production.

What are the leading suppliers of tungsten to Luxembourg?

In value terms, Austria constituted the largest supplier of tungsten to Luxembourg, comprising 68% of total imports. The second position in the ranking was occupied by Germany, with a 22% share of total imports. It was followed by Japan, with a 7.4% share.

What are the leading importers of tungsten from Luxembourg?

In value terms, France and Germany appeared to be the largest markets for tungsten exported from Luxembourg worldwide.

What is the average export price for tungsten in Luxembourg?

The average tungsten export price stood at $16,141 per ton in 2021, increasing by 24% against the previous year.

What is the average import price for tungsten in Luxembourg?

In 2021, the average tungsten import price amounted to $150,279 per ton, jumping by 83% against the previous year.

This report provides an in-depth analysis of the tungsten market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023