In 2023, Germany led European imports of compounds of rare earth metals, yttrium, and scandium, with imports of 10.034 million kilograms, growing 1.31% year-on-year. Estonia and Poland followed, showing a notable increase of 1.17% and 3.21% respectively. Conversely, the United Kingdom and Netherlands recorded declines of 1.07% and 10.09%. Austria experienced significant growth at 57.47%, reflecting potential strategic investments in rare earths. Over the last five years, the compound annual growth rate (CAGR) indicates varied performance across countries, with some maintaining steady growth and others experiencing fluctuations.
Looking ahead, European imports of rare earth compounds may be influenced by shifts in global supply chains, technological advancements, and strategic EU policies aimed at reducing dependency on non-European sources. Increasing local production capacities and leveraging sustainable practices could reshape import dynamics, while geopolitical factors could also impact trade flows.
Top countries in Import of Compounds of Rare Earth Metals, of Yttrium or of Scandium by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 10,034,000 | 2023 | +1.36% | +1.31% | View data |
| 2 | 2 Estonia | 5,408,500 | 2023 | +1.2% | +1.17% | View data |
| 3 | 3 Poland | 1,610,400 | 2023 | +5.91% | +3.21% | View data |
| 4 | 4 United Kingdom | 887,100 | 2023 | -5.11% | -1.07% | View data |
| 5 | 5 Spain | 533,040 | 2023 | -1.69% | +0.29% | View data |
| 6 | 6 Netherlands | 483,830 | 2023 | -13.9% | -10.09% | View data |
| 7 | 7 Italy | 307,630 | 2023 | -7.6% | -5.08% | View data |
| 8 | 8 Czechia | 197,300 | 2023 | |||
| 9 | 9 Belgium | 150,430 | 2023 | -11.21% | -10.12% | View data |
| 10 | 10 Austria | 128,790 | 2023 | -47.37% | +57.47% | View data |
