In 2023, China led global imports of Nickel Oxide Sinters and Intermediate Nickel Products with an import value of $1.5152 billion, showing a year-on-year increase of 2.82%. Japan followed with $0.75229 billion and a 1.89% rise. The United Kingdom demonstrated significant growth with a 3.01% increase at $0.38009 billion. Notably, Spain saw a dramatic surge, up by 334.9% to $0.00080685 billion. Conversely, South Korea, Canada, and Luxembourg experienced reductions in their import values by 31.84%, 2.85%, and 16.18% respectively. The United States also recorded a notable decline of 12.53% to $0.0042377 billion.
Beyond the year-on-year variations, the compound annual growth rate (CAGR) over the last five years indicates mixed dynamics, with some countries like Spain and Oman showing strong growth while others, such as South Korea and the Netherlands, faced considerable declines.
Future trends to watch include the expected steady increase in imports from emerging markets such as Oman and Indonesia. The declining trends in countries like South Korea and Canada could persist unless significant changes in market dynamics or trade policies occur. Additionally, the rising demand for nickel in applications such as electric vehicle batteries and renewable energy technologies suggests that global imports of nickel products are likely to grow in the coming years.
Top countries in Import of Nickel Oxide Sinters and Intermediate Nickel Products by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,515,200,000 | 2023 | +3.55% | +2.82% | View data |
| 2 | 2 Japan | 752,290,000 | 2023 | +3.51% | +1.89% | View data |
| 3 | 3 United Kingdom | 380,090,000 | 2023 | +6.24% | +3.01% | View data |
| 4 | 4 India | 30,491,000 | 2023 | +5.56% | -0.48% | View data |
| 5 | 5 Canada | 22,161,000 | 2023 | -7.37% | -2.85% | View data |
| 6 | 6 South Korea | 15,122,000 | 2023 | -54.02% | -31.84% | View data |
| 7 | 7 Singapore | 6,688,200 | 2023 | +4.84% | +4.08% | View data |
| 8 | 8 United States | 4,237,700 | 2023 | -13.93% | -12.53% | View data |
| 9 | 9 Netherlands | 1,933,500 | 2023 | -24.76% | -21.24% | View data |
| 10 | 10 Poland | 1,690,100 | 2023 | -1.41% | -5.42% | View data |
