The global export market for unwrought nickel, expressed in US dollars, highlights Malaysia and Canada as the top exporters with shares of 19.49% and 19.05% respectively. While Malaysia experienced a 3.01% increase, Canada saw a decline of 2.82% in 2023. Notably, Russia's share plunged by 13.11%, contrasting with Japan and the United Arab Emirates, which rose by 6.20% and 6.38% respectively. Among the lower performers, China faced a significant drop of 36.10%. Other key players like the Netherlands and Germany experienced declines of 9.63% and 7.33% respectively, illustrating shifting dynamics in the nickel export landscape.
Future trends to watch for the global export of unwrought nickel involve potential shifts in geopolitical scenarios affecting Russian exports, sustainability practices influencing production, and the ongoing technological advancements that could spur demand in emerging markets such as electric vehicles. Monitoring economic agreements and infrastructure investments in countries like Malaysia and Canada could also provide insights into future market directions.
Top countries in Export of Unwrought Nickel Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 19.49 | 2023 | +5.31% | +3.01% | View data |
| 2 | 2 Canada | 19.05 | 2023 | -2.09% | -2.82% | View data |
| 3 | 3 Norway | 13.34 | 2023 | -2.08% | -3.75% | View data |
| 4 | 4 Russia | 11.56 | 2023 | -14.32% | -13.11% | View data |
| 5 | 5 Madagascar | 6.78 | 2023 | +3.45% | +3.63% | View data |
| 6 | 6 Finland | 6.6 | 2023 | -0.92% | -2.32% | View data |
| 7 | 7 Netherlands | 4.66 | 2023 | -9.29% | -9.63% | View data |
| 8 | 8 Japan | 3.89 | 2023 | +2.75% | +6.2% | View data |
| 9 | 9 United Kingdom | 3.63 | 2023 | -3.09% | -3.52% | View data |
| 10 | 10 Singapore | 2.62 | 2023 | -7.4% | -4.5% | View data |
