In 2023, Germany led Europe's import of compounds of rare earth metals, yttrium, or scandium, accounting for 47.65% of the total share by weight. Estonia followed with 25.69%, while Poland and the United Kingdom accounted for 7.65% and 4.21%, respectively. Notable trends included a significant increase for Austria with a 57.47% year-on-year variation, whereas the Netherlands and Belgium saw decreases of over 10%. Although countries like Malta, Romania, and Luxembourg had negligible shares, Germany's import growth lagged behind Poland and Austria, which displayed the prominent upward trends.
Future trends to watch include the potential for growth in Eastern European markets such as Poland and Estonia, which may increase their shares as a result of strategic investments and favorable trade policies. Additionally, Germany's leadership may be challenged by shifts in supply chains and manufacturing dynamics, while sustainability concerns could affect sourcing and distribution of these metals in Europe.
Top countries in Import of Compounds of Rare Earth Metals, of Yttrium or of Scandium Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.65 | 2023 | +1.36% | +1.31% | View data |
| 2 | 2 Estonia | 25.69 | 2023 | +1.2% | +1.17% | View data |
| 3 | 3 Poland | 7.65 | 2023 | +5.91% | +3.21% | View data |
| 4 | 4 United Kingdom | 4.21 | 2023 | -5.11% | -1.07% | View data |
| 5 | 5 Spain | 2.53 | 2023 | -1.69% | +0.29% | View data |
| 6 | 6 Netherlands | 2.3 | 2023 | -13.9% | -10.09% | View data |
| 7 | 7 Italy | 1.46 | 2023 | -7.6% | -5.08% | View data |
| 8 | 8 Czechia | 0.94 | 2023 | |||
| 9 | 9 Belgium | 0.71 | 2023 | -11.21% | -10.12% | View data |
| 10 | 10 Austria | 0.61 | 2023 | -47.37% | +57.47% | View data |
