In 2023, China dominated the global import of nickel oxide sinters and intermediate nickel products, holding a substantial share of 65.01%. Japan followed with 22.31%, while the United Kingdom, Canada, and India had more modest shares at 6.58%, 3.34%, and 2.62% respectively. South Korea contributed 1.67%, and the rest of the countries combined made up only a small fraction of the market. The year-on-year variation showed significant changes; China and Japan saw increases of 6.55% and 5.05% respectively. Spain experienced a remarkable surge of 515.48%. However, several countries like Canada, South Korea, and Switzerland saw declines.
Looking forward, future trends to watch include the potential for China's share to continue expanding, driven by increased industrial demand. Japan's steady growth may also persist as the country invests in innovative technologies utilizing nickel products. The substantial increase in Spain's imports suggests a developing market that warrants close observation for further growth. Geopolitical factors and policies related to the nickel supply chain will also play a crucial role in shaping future import dynamics.
Top countries in Import of Nickel Oxide Sinters and Intermediate Nickel Products Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 65.01 | 2023 | +3.78% | +6.55% | View data |
| 2 | 2 Japan | 22.31 | 2023 | +3.47% | +5.05% | View data |
| 3 | 3 United Kingdom | 6.58 | 2023 | +6.23% | +2.95% | View data |
| 4 | 4 Canada | 3.34 | 2023 | -2.26% | -1.25% | View data |
| 5 | 5 India | 2.62 | 2023 | +6.55% | +0.62% | View data |
| 6 | 6 South Korea | 1.67 | 2023 | -10.28% | -5.99% | View data |
| 7 | 7 Netherlands | 0.068 | 2023 | -4.5% | -5.17% | View data |
| 8 | 8 Poland | 0.025 | 2023 | -1.98% | -2.4% | View data |
| 9 | 9 Spain | 0.015 | 2023 | -2.32% | +515.48% | View data |
| 10 | 10 Singapore | 0.007 | 2023 | -6.35% | -8.17% | View data |
