The global market value of tungsten amounted to a total of 5.55 billion U.S. dollars in 2023. It is forecast to reach over 9.5 billion U.S. dollars in 2030. Tungsten is one of the strongest materials found in nature.
Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030
(in billion U.S. dollars)
*Forecast based on a compound annual growth rate of eight percent over the forecast period 2024-2030.
This statistic has been assembled using several editions of the press release from the source.
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MMR. (March 31, 2024). Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/
MMR. "Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030 (in billion U.S. dollars)." Chart. March 31, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/
MMR. (2024). Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/
MMR. "Market Value of Tungsten Worldwide in 2022 and 2023, with a Forecast for 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Mar 2024, https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/
MMR, Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/ (last visited November 21, 2024)
Market value of tungsten worldwide in 2022 and 2023, with a forecast for 2030 (in billion U.S. dollars) [Graph], MMR, March 31, 2024. [Online]. Available: https://www.statista.com/statistics/1010334/market-value-tungsten-worldwide/
