The global export market of nickel and articles thereof shows varied performance among countries. The United States leads with a value of $2.963 billion in 2023, exhibiting a year-on-year increase of 1.44%. Canada, despite being the second-largest exporter with $2.5681 billion, faced a decrease of 4.06%. Russia, with a significant $1.8816 billion in exports, saw a decline of 6.3%. Countries like Malaysia, Germany, and the United Kingdom all showcased minor positive growths. Notably, the Philippines demonstrated the most substantial year-on-year increase among major exporters with a 6.9% rise to $0.53656 billion. Conversely, Ukraine and India experienced notable declines of 8.2% and 48.85% respectively.
Several smaller economies indicated significant percent changes either positively or negatively; Oman surged by 39.36% while Egypt plummeted by 20.24%. Remarkably, Cyprus saw a dramatic increase of 471.4%, albeit starting from a much lower base value. Emerging markets like Armenia, Azerbaijan, and El Salvador marked considerable percentage gains, portraying dynamic shifts and potential new entrants in this market.
Future trends to watch include the potential stabilization and growth in markets recovering from declines such as India and Kazakhstan. Additionally, notable gains in smaller economies could indicate rising new players. Continued monitoring of geopolitical impacts, particularly in key exporters like Russia, and technological advancements in nickel production and processing will be crucial to understanding long-term trends. Increasing demands driven by battery production and electric vehicles could drive future market dynamics significantly.
Top countries in Export of Nickel and Articles Thereof by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,963,000,000 | 2023 | +2.77% | +1.44% | View data |
| 2 | 2 Canada | 2,568,100,000 | 2023 | -3.71% | -4.06% | View data |
| 3 | 3 Russia | 1,881,600,000 | 2023 | -5.08% | -6.3% | View data |
| 4 | 4 Malaysia | 1,644,300,000 | 2023 | +5.4% | +2.94% | View data |
| 5 | 5 Germany | 1,495,400,000 | 2023 | +1.52% | +0.26% | View data |
| 6 | 6 United Kingdom | 1,427,500,000 | 2023 | +1.03% | +0.12% | View data |
| 7 | 7 Finland | 1,119,400,000 | 2023 | +2.91% | +0.95% | View data |
| 8 | 8 Norway | 994,370,000 | 2023 | -2.04% | -3.67% | View data |
| 9 | 9 Japan | 859,950,000 | 2023 | +1.42% | +2.91% | View data |
| 10 | 10 Netherlands | 793,930,000 | 2023 | +1.56% | +1.15% | View data |
