Analysis of the European Nickel Trade Balance by country in 2024 shows Macedonia leading with a trade balance of 1.38 million metric tons, followed by Finland with 0.13495, and Norway with 0.055. Germany and Italy are also significant contributors, whereas Albania has the most considerable negative trade balance at -0.25614 million metric tons. The year-on-year analysis reveals notable changes in variations: Macedonia increased by 7.68%, Finland by 4.7%, and the UK by 12.29%. Meanwhile, Norway dropped by 3.58%, and Italy by 5.35%. Luxembourg marked the highest variation with a 71.88% increase. France, Sweden, Spain, Austria, and several other countries maintained zero variation from the previous year.
Future Trends to Watch:
- Potential growth in Macedonia and the UK if current positive trends continue.
- Stability in several central European countries, with minimal changes year-on-year.
- Possible structural issues in Albania needing addressing to improve negative trade balance.
- Forecasting might indicate shifts as countries adapt to changes in global demand and supply chains, especially regarding raw material sourcing and sustainability practices.
Top countries in Nickel Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Macedonia | 1,380 | 2023 | -0.18% | +7.68% | View data |
| 2 | 2 Finland | 134.95 | 2023 | +6.03% | +4.7% | View data |
| 3 | 3 Norway | 55 | 2023 | 0% | -3.58% | View data |
| 4 | 4 Germany | 42.1 | 2023 | +6.09% | +4.17% | View data |
| 5 | 5 Italy | 33.88 | 2023 | +0.015% | -5.35% | View data |
| 6 | 6 France | 33.7 | 2023 | +5.68% | View data | |
| 7 | 7 Sweden | 31.27 | 2023 | +0.042% | View data | |
| 8 | 8 United Kingdom | 30 | 2023 | -0.22% | +12.29% | View data |
| 9 | 9 Spain | 21.24 | 2023 | +8.68% | View data | |
| 10 | 10 Austria | 12.19 | 2023 | +2.46% | View data |