Tungstates market in Germany

Earlier Report Observations

From 2019 to 2023, the tungstates market size in Germany in value terms showed volatility, dropping to 52.3 million USD in 2020 before surging to 81.0 million USD in 2022 and then declining to 73.4 million USD in 2023. In physical volume, available data from 2021 onward indicates a consistent contraction in market volume from 4.1 thousand t in 2021 to 3.6 thousand t in 2023, suggesting rising per-unit prices during the peak value period.

In 2024, the market volume continued to decrease, reaching 3.5 thousand t. This movement was influenced by geopolitical tensions and export controls that constrained global tungsten supply, as well as increased government strategic stockpiling in Germany, which diverted material from the commercial market. Concurrently, the industry saw technological advances such as the first batch of defect-free 3D-printed tungsten parts and adapted to new EU labeling and sustainability requirements.

Production tungstates in Germany

In value, 2017-2020, K $ US

In 2020, Germany's tungstates output was valued at 19,784 thousand US dollars, marking a significant year-on-year decrease of 28.2%.

Annual dynamics of production in Germany in value, 2017-2020, K $ US

Exports tungstates from Germany

Based on desk research, Germany did not export any tungstates from 2017 to 2020.

Imports tungstates to Germany

Imports in kind, t

After declining for two years, Germany's tungstates import volume increased in 2020, reaching 1,617 tonnes, which was 0.7% higher than in 2019. Over the 2017-2020 period, imports fell by 34.7%, with a compound annual growth rate of -13.2%. The lowest volume was recorded in 2019 at 1,605 tonnes, and the largest decline occurred that same year, at 21.1%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, t

From 2017 to 2020, Vietnam, China, and the United Kingdom dominated Germany's tungstates import structure in volume terms, accounting for 79.9% of total flows. Vietnam led with 36.9%, followed by China at 25.1%, and the United Kingdom at 17.8%.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, K $ US

Germany's tungstates import value declined for the second consecutive year in 2020, totaling 32,520 thousand US dollars, an 8.1% drop compared to 2019. Over the 2017-2020 period, imports decreased by 30.3%, with a compound annual growth rate of -11.3%. The highest value was recorded in 2018 at 55,690 thousand US dollars, while the largest decline occurred in 2019 at 36.5%. The largest increase was in 2018, at 19.4%.

Annual dynamics of product's imports to Germany in value, 2017-2020, K $ US

In value terms from 2017 to 2020, Vietnam, China, and the United Kingdom were the top sources for Germany's tungstates imports, together making up 81.1% of the total. Vietnam accounted for 36.2%, China for 25.7%, and the United Kingdom for 19.3%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020