Tungsten (wolfram): waste and scrap

In 2024, tungsten (wolfram): waste and scrap trade exhibited strong growth, with global flows reaching $475,539,872 and a three-year compound annual growth rate of +0.8% (five-year: +6.8%). The all-time peak of $701,854,009 was recorded in 2022; the current level is 32% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-1.8% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.124). The three largest exporters — Germany ($153.8M), United States ($37.2M), and Malaysia ($30.2M) — collectively dominate supply flows. The leading exporter has grown at +5.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.142). The three largest import markets are Germany ($118.8M), United States ($82.8M), and Finland ($69.3M). The largest importing market sources from 55 different supplying countries.

Estimated substitution elasticity: -13.37. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Germany → Austria at $49.8M, representing 72.1% of the importer's total demand.

The volatility score for tungsten (wolfram): waste and scrap is 21 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.