Key Market Indicators
Macedonia's import of non-ferrous metals is projected to grow modestly over the next five years. By 2028, the country's imports are expected to reach approximately 1.46 million metric tons, up from 1.42 million metric tons in 2023. This represents a compound annual growth rate (CAGR) of 0.4%. Macedonia has seen a significant increase in demand for non-ferrous metals since 2015, with an average annual growth rate of 8%. In 2023, the country ranked 19th globally in non-ferrous metal imports. Sweden was just ahead with imports also at 1.42 million metric tons. Leading the rankings were Spain, France, and Norway occupying the second, third, and fourth positions, respectively. On the export front, Macedonia's non-ferrous metal shipments are expected to decrease slightly. By 2028, exports are forecasted to reach around 151 thousand metric tons, down from nearly 153 thousand metric tons in 2023. This marks an annual average decline of 0.2%. Since 2015, Macedonia's non-ferrous metal exports have been declining at an average rate of 0.8% per year. In 2023, the country was ranked 30th in the world for non-ferrous metal exports, with Luxembourg slightly ahead at nearly 153 thousand metric tons. Spain, France, and the Netherlands ranked second, third, and fourth, respectively, in this category.
