In 2023, the Philippines led in global exports of Nickel Oxide Sinters and Intermediate Nickel Products, holding a dominant share with a growth of 9.29% year-on-year. Canada's export share decreased by 4.6%, while Germany saw a slight increase of 0.89%. The United States and Finland experienced growths of 2.47% and 6.49% respectively. South Korea's exports increased by 7.05%, indicating a significant positive trend. Minor exporters like Serbia, Thailand, and Switzerland showed modest growth, whereas the United Kingdom's share declined by 4.52%. The 5-year CAGR highlights ongoing shifts in global market dynamics.
Future trends to watch include further expansion from the Philippines and South Korea, given their recent upward momentum. The global market could also witness emerging players or reduced dependency on major exporters as countries strive to secure their supply chains in response to geopolitical shifts and environmental regulations.
Top countries in Export of Nickel Oxide Sinters and Intermediate Nickel Products Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 60.09 | 2023 | +4.5% | +9.29% | View data |
| 2 | 2 Canada | 19.19 | 2023 | -5.41% | -4.6% | View data |
| 3 | 3 Germany | 10.01 | 2023 | +0.46% | +0.89% | View data |
| 4 | 4 United States | 1.39 | 2023 | -5.76% | +2.47% | View data |
| 5 | 5 Finland | 0.67 | 2023 | +6.33% | +6.49% | View data |
| 6 | 6 South Korea | 0.48 | 2023 | -0.29% | +7.05% | View data |
| 7 | 7 Serbia | 0.061 | 2023 | +4.24% | +3.25% | View data |
| 8 | 8 United Kingdom | 0.039 | 2023 | -21.77% | -4.52% | View data |
| 9 | 9 Thailand | 0.009 | 2023 | +6.56% | +3.73% | View data |
| 10 | 10 Switzerland | 0 | 2023 | +6.18% | +3.3% | View data |
