Tungsten and tungsten articles market in Austria

Earlier Report Observations

The market volume for tungsten and tungsten articles in Austria stood at 10 851 t in 2018 before declining to 7 971 t in 2019. It then recovered to 8 347 t in 2020 and rose significantly to 12 333 t in 2021. This growth in 2021 was supported by ongoing technological improvements in tungsten powder production from recycled materials, which increased domestic supply. The presence of the state-owned Wolfram Bergbau & Hütten AG, operating its own mine, and companies like SUMITOMO with advanced recycling processes ensured raw material from both primary and secondary sources throughout the period.

From 2022 to 2024, the sector was influenced by broader waste management policies and scrap market trends. Declining metal prices in 2022 affected recycling economics, while investigations into waste collection logistics by the Federal Competition Authority had potential implications for scrap flows. By 2023, improved framework conditions for recycling and higher steel scrap prices contributed to increased revenues in the waste management segment, as reported by Energie AG. In 2024, Wolfram Bergbau & Hütten AG published an OECD-aligned due diligence report for its supply chain, and wholesale prices for waste and scrap rose by 6.4%, reflecting continued integration into circular economy measures such as mandatory reusable quotas and a forthcoming deposit system for packaging.

Production tungsten and tungsten articles in Austria

In value, 2017-2020, M $ US

Austria's production of tungsten and tungsten articles declined for the second consecutive year. In 2020, output was valued at 256.1 million US dollars, marking a moderate drop of 3.1% compared to 2019. Over the period from 2017 to 2020, production decreased by 20.1%, with a compound annual growth rate of 7.2%. The highest value was recorded in 2018 at 402.4 million US dollars, which saw the largest increase of 25.6%. In contrast, 2019 experienced the largest decline of 34.3%.

Annual dynamics of production in Austria in value, 2017-2020, M $ US

In kind, 2017-2020, t

In 2020, Austria produced 6,090 tonnes of tungsten and tungsten articles, representing an 11.1% increase compared to 2019. However, between 2017 and 2020, overall production decreased by 17.2%, equating to an annualized rate of 6.1%. The lowest output was recorded in 2019 at 5,479 tonnes, which saw the largest decline of 26.3%. The peak was in 2018 with 7,438 tonnes.

Annual dynamics of production in Austria in kind, 2017-2020, t

Exports tungsten and tungsten articles from Austria

Exports in kind, t

Austria's exports of tungsten and tungsten articles increased for the second consecutive year. In 2020, exports stood at 14 tonnes, which is 79.4% higher than the previous year. From 2018 to 2020, exports grew by 156.4%, with an annualized rate of 36.9%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, Germany remained the leading buyer of tungsten and tungsten articles from Austria, accounting for 78.8% of total exports in kind. The remaining exports were distributed among various other countries.

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

World map of product's exports from Austria in kind, 2017-2020

Exports in value, K $ US

Austria's exports of tungsten and tungsten articles in value terms showed noticeable fluctuations during the period. In 2020, exports amounted to 580,000 US dollars, indicating a sharp increase of 146.8% compared to 2019. The lowest value was recorded in 2019 at 235,000 US dollars, which saw the largest decline of 8.8%. From the trough in 2019 to the peak in 2020, exports changed by 2.5-fold.

Annual dynamics of product's exports from Austria in value, 2017-2020, K $ US

Throughout 2017 to 2020, Germany dominated Austria's export partner structure in value terms, holding a share of 73.7% of total flows. Other markets had comparatively modest shares.

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

World map of product's exports from Austria in value, 2017-2020

Imports tungsten and tungsten articles to Austria

Imports in kind, t

Austria's imports of tungsten and tungsten articles declined for the third consecutive year. In 2020, import volume amounted to 2,271 tonnes, equivalent to a modest drop of 9.1% compared to 2019. Between 2017 and 2020, imports decreased by 38.5%, with an annualized rate of 15.0%.

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

From 2017 to 2020, Germany, Sweden, and the United Kingdom formed the main group of sources for Austria's imports of tungsten and tungsten articles in kind. Germany accounted for 43.2%, Sweden for 30.9%, and the United Kingdom for 7.3%, together making up 81.4% of total imports.

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

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

Imports in value, K $ US

Austria's imports of tungsten and tungsten articles in value terms declined for the second consecutive year. In 2020, imports were recorded at 36.473 million US dollars, which is 14.3% less than the prior year. Over the period from 2017 to 2020, imports decreased by 43.2%, with a compound annual growth rate of 17.2%. The highest value was in 2018 at 65.839 million US dollars, which saw the largest increase of 2.6%. In contrast, 2019 experienced the largest decline of 35.3%.

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

From 2017 to 2020, Germany, Sweden, and France were the largest suppliers of tungsten and tungsten articles to Austria in value terms. Germany accounted for 46.1%, Sweden for 27.0%, and France for 6.3%, together forming 79.5% of total imports.

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

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