The global export market for nickel powders and flakes in 2023 saw Canada leading, despite a slight decline, followed by the United Kingdom, Japan, and China. The latter two showed positive growth, with Japan and China recording increases of 2.64% and 2.97% respectively. Significant declines were noted for Russia, experiencing a drastic drop of 21.85%. Emerging markets like Lithuania and India saw impressive growth rates, up by 6.16% and 6.06% respectively, while China, Germany, and the United States also reported modest gains. Conversely, Belgium, Singapore, and South Africa experienced declines, with Belgium falling by 4.94%.
Looking ahead to 2024, future trends to watch in the global nickel powder and flakes market include the impact of geopolitical changes on Russia's exports and the continued growth in Asian markets led by technological advancements in Japan and China. Additionally, the sustainability agenda may shift supply chains, influencing exports in countries prioritizing green mining and production technologies.
Top countries in Export of Nickel Powders and Flakes by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 278,150,000 | 2023 | +0.68% | -1.52% | View data |
| 2 | 2 United Kingdom | 156,620,000 | 2023 | +0.6% | -1.53% | View data |
| 3 | 3 Japan | 140,010,000 | 2023 | +2.84% | +2.64% | View data |
| 4 | 4 China | 104,710,000 | 2023 | +5.24% | +2.97% | View data |
| 5 | 5 Germany | 84,477,000 | 2023 | +3.53% | +3.04% | View data |
| 6 | 6 United States | 70,530,000 | 2023 | +1.66% | +1.04% | View data |
| 7 | 7 Finland | 56,935,000 | 2023 | +6.21% | +2.24% | View data |
| 8 | 8 France | 19,386,000 | 2023 | +4.73% | +1.7% | View data |
| 9 | 9 Belgium | 18,969,000 | 2023 | -4.63% | -4.94% | View data |
| 10 | 10 Netherlands | 11,121,000 | 2023 | +4.57% | +1.98% | View data |
