In 2023, Macedonia led European nickel imports with 57.73 thousand metric tons, experiencing a year-on-year increase of 7.9%. Finland and Norway followed with imports of 12.81 and 6.66 thousand metric tons respectively, indicating slight growth for Finland (2.21%) and a marginal decline for Norway (-0.74%). Germany, the United Kingdom, and France also registered minor shifts, rounding out the top six importing countries. Notably, significant growth came from smaller importers like Serbia (31.95%), Cyprus (169.62%), and Lithuania (52.34%), indicating emerging players in the market despite accounting for modest overall volumes. Some countries, such as Denmark (-12.94%) and Iceland (-22.88%), showed notable declines.
Future trends to watch include the potential shift in nickel import shares driven by technological advancements in automotive and electronic sectors. Growth in electric vehicle (EV) production and renewable energy storage solutions may reshape import patterns, benefiting countries with rapidly growing demand. Additionally, fluctuations in global nickel prices and geopolitical developments could influence strategic shifts in sourcing and import volumes across Europe.
Top countries in Nickel Imports Share by Country (Thousand Metric Tons)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Macedonia | 57.73 | 2023 | +0.31% | +7.9% | View data |
2 | 2 Finland | 12.81 | 2023 | +2.97% | +2.21% | View data |
3 | 3 Norway | 6.66 | 2023 | 0% | -0.74% | View data |
4 | 4 Germany | 5.08 | 2023 | +2.51% | +0.44% | View data |
5 | 5 United Kingdom | 3.81 | 2023 | -0.61% | -0.17% | View data |
6 | 6 France | 2.87 | 2023 | +3.32% | -0.51% | View data |
7 | 7 Netherlands | 2.05 | 2023 | +0.076% | -3.51% | View data |
8 | 8 Italy | 2.02 | 2023 | +0.013% | -3.93% | View data |
9 | 9 Sweden | 1.55 | 2023 | +1.29% | -1.17% | View data |
10 | 10 Spain | 1.2 | 2023 | +5.36% | -2.21% | View data |