In 2023, China's dominance in the global import of ferro-nickel sharply increased, capturing over 62% of the market, while India and the United States follow with considerably smaller shares, highlighting a significant concentration in Asia. European countries like Italy, South Korea, and Belgium saw declines, whereas smaller players such as Hungary and Singapore experienced notable growth. The Czech Republic also saw an increase in its share, emphasizing its emerging role. Meanwhile, markets like Malaysia and Israel have seen steep declines, suggesting shifting supply chains or reduced demand.
Looking ahead, future trends indicate potential growth for countries like Oman, driven by a substantial increase in imports. The disparity in regional growth rates signifies possible re-alignments in supply chains or geopolitical factors influencing market dynamics. Monitoring China’s market share and the performance of emerging countries like Singapore will be crucial in predicting shifts in the global ferro-nickel import landscape.
Top countries in Import of Ferro-Nickel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 62.37 | 2023 | +4.48% | +5.32% | View data |
| 2 | 2 India | 8.66 | 2023 | +4.24% | +4.76% | View data |
| 3 | 3 United States | 6.5 | 2023 | +2.57% | +0.75% | View data |
| 4 | 4 Italy | 3.96 | 2023 | -5.06% | -5.7% | View data |
| 5 | 5 South Korea | 3.76 | 2023 | -5.24% | -7.74% | View data |
| 6 | 6 Belgium | 3.73 | 2023 | -2.48% | -2.95% | View data |
| 7 | 7 South Africa | 2.78 | 2023 | +3.62% | +1.35% | View data |
| 8 | 8 Spain | 2.56 | 2023 | -3.4% | -5.53% | View data |
| 9 | 9 Sweden | 1.53 | 2023 | +2.63% | +1.36% | View data |
| 10 | 10 Japan | 1.52 | 2023 | -7.34% | -10.44% | View data |
