In 2023, Japan leads the global export market for nickel plates, sheets, strip, and foil with a share of 37.75%. Despite a marginal annual growth of 2.89%, it significantly outpaces Germany and China, holding 15.01% and 14.52%, respectively. Germany experienced a decline of 2.13%, while China witnessed a notable increase of 6.71%. Emerging economies like India saw a remarkable surge of 36.19%, though still holding a minor market share. Other significant players include the Netherlands, the United States, and Belgium with varying growth rates. Overall, the last five years have shown a diverse trend, with emerging markets and market corrections within major players.
Future trends to watch:
- The potential impact of economic and trade policies influencing major exporters such as China and the US.
- Growth opportunities in emerging markets, particularly in India and smaller European countries, as they exhibit higher recent growth rates.
- The influence of technological advancements in manufacturing and processing that could shift the balance of export proportions.
- Geopolitical tensions and their effects on trade dynamics, particularly affecting longstanding suppliers like Russia.
Top countries in Export of Nickel Plates, Sheet, Strip and Foil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 37.75 | 2023 | +0.91% | +2.89% | View data |
| 2 | 2 Germany | 15.01 | 2023 | -1.42% | -2.13% | View data |
| 3 | 3 China | 14.52 | 2023 | +3.28% | +6.71% | View data |
| 4 | 4 Netherlands | 8.18 | 2023 | +1.97% | +3.31% | View data |
| 5 | 5 United States | 7.93 | 2023 | -0.12% | -2.7% | View data |
| 6 | 6 Belgium | 5.42 | 2023 | +5.91% | +1.41% | View data |
| 7 | 7 South Korea | 3.3 | 2023 | +2.06% | +0.8% | View data |
| 8 | 8 United Kingdom | 3.2 | 2023 | +1.49% | -0.48% | View data |
| 9 | 9 Poland | 2.99 | 2023 | +4.24% | +2.94% | View data |
| 10 | 10 France | 2.38 | 2023 | -9.46% | -7.05% | View data |
