In 2023, Indonesia leads the global ferro-nickel export market with 1.2058 billion kilograms, marking a 7.06% year-on-year growth. Brazilian and Japanese exports have grown by 6.08% and 4.7%, respectively. Colombia and Ukraine experienced reductions of 0.41% and 0.16%. Belgium and Sweden saw the highest growth among smaller exporters, at 7.65% and 15.69% respectively, while Romania's exports plummeted by 24.4%. This trend positions Indonesia as the dominant player, with minor contributions from countries like Belgium, China, and Japan.
Looking ahead, demand from emerging markets and technological advancements in nickel usage could drive growth, favoring countries with large reserves and advanced production capabilities. Additionally, geopolitical developments and environmental considerations may impact both supply chains and trade dynamics.
Top countries in Export of Ferro-Nickel by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,205,800,000 | 2023 | +5.67% | +7.06% | View data |
| 2 | 2 Brazil | 265,040,000 | 2023 | +4.55% | +6.08% | View data |
| 3 | 3 Japan | 189,500,000 | 2023 | +1.17% | +4.7% | View data |
| 4 | 4 Colombia | 129,120,000 | 2023 | +0.32% | -0.41% | View data |
| 5 | 5 Ukraine | 70,628,000 | 2023 | -0.67% | -0.16% | View data |
| 6 | 6 Myanmar | 70,094,000 | 2023 | +2.46% | +6.22% | View data |
| 7 | 7 Macedonia | 66,246,000 | 2023 | -0.16% | +6.01% | View data |
| 8 | 8 South Korea | 28,504,000 | 2023 | +5.59% | +2.85% | View data |
| 9 | 9 Belgium | 4,103,400 | 2023 | +3.26% | +7.65% | View data |
| 10 | 10 China | 3,076,600 | 2023 | -1.8% | -3.92% | View data |
