In 2023, Indonesia and Canada each held a 29.66% share of the global export market for nickel mattes, making them leaders. Zimbabwe and Finland followed, holding 27.02% and 24.73%, respectively. Smaller players like Germany, Netherlands, and Singapore contribute minimally. Notable changes from 2022 include a slight decline in Indonesia and Canada, whereas Zimbabwe and Finland showed modest growth. Singapore had a significant surge, albeit from a small base. Annually from 2018-2023, the compound growth rates were modest, indicating market maturation.
Looking forward, as global demand for electric vehicle batteries rises, expect shifts in nickel matte exports, especially with Indonesia expanding capacity and new market entrants potentially reshaping dynamics.
Top countries in Export of Nickel Mattes Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 29.66 | 2023 | -1.79% | -3.13% | View data |
| 2 | 2 Canada | 29.66 | 2023 | -4.77% | -5.72% | View data |
| 3 | 3 Zimbabwe | 27.02 | 2023 | +4.62% | +2.86% | View data |
| 4 | 4 Finland | 24.73 | 2023 | +5.64% | +3.53% | View data |
| 5 | 5 Germany | 0.37 | 2023 | +1.01% | -1.3% | View data |
| 6 | 6 Netherlands | 0.069 | 2023 | +0.92% | +22.36% | View data |
| 7 | 7 Singapore | 0.012 | 2023 | +0.48% | +97.36% | View data |
| 8 | 8 United States | 0.005 | 2023 | -46.16% | -30.17% | View data |
| 9 | 9 India | 0.003 | 2023 | -0.85% | +17.11% | View data |
| 10 | 10 South Korea | 0.002 | 2023 | -4.78% | -8.82% | View data |
