The global import of ferro-nickel in 2023 sees China as the dominant player with a value of USD 3.25 billion, highlighting its significant influence in the market. India and the United States follow, although with substantially lower import values of USD 0.45 billion and USD 0.34 billion respectively. Among European nations, Italy and Belgium show relevant activity, while Spain and Sweden demonstrate moderate engagement. The majority of other countries exhibit minimal import values, with notable declines in Japan, the Netherlands, and the UK. Singapore experienced a remarkable surge, while Malaysia showed a significant reduction.
Year-on-year variations in 2023 display dynamic changes: China expanded by 5.32%, India by 4.76%, whereas the United States saw a marginal increase of 0.75%. European countries showed mixed trends, with Italy decreasing by 5.7% and Belgium by 2.95%, while Sweden and Poland displayed marginal growth. Globally, Singapore had an outstanding increase of 42.39%, and Oman saw an impressive rise of 60.33%. Conversely, Japan and the Netherlands faced noticeable declines, and Malaysia experienced a severe drop of 47.6%.
Future trends to watch for include developing economies, notably in Asia, which might increase their import activities, driven by industrial and technological advancements. Sustainability concerns and shifts towards green technologies might affect ferro-nickel import patterns, potentially pivoting demand towards cleaner alternatives. Vigilance on geopolitical factors, supply chain disruptions, and technological advancements will be critical in anticipating market changes.
Top countries in Import of Ferro-Nickel by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,251,700,000 | 2023 | +4.48% | +5.32% | View data |
| 2 | 2 India | 451,460,000 | 2023 | +4.24% | +4.76% | View data |
| 3 | 3 United States | 339,110,000 | 2023 | +2.57% | +0.75% | View data |
| 4 | 4 Italy | 206,310,000 | 2023 | -5.06% | -5.7% | View data |
| 5 | 5 South Korea | 196,050,000 | 2023 | -5.24% | -7.74% | View data |
| 6 | 6 Belgium | 194,690,000 | 2023 | -2.48% | -2.95% | View data |
| 7 | 7 South Africa | 144,720,000 | 2023 | +3.62% | +1.35% | View data |
| 8 | 8 Spain | 133,290,000 | 2023 | -3.4% | -5.53% | View data |
| 9 | 9 Sweden | 79,955,000 | 2023 | +2.63% | +1.36% | View data |
| 10 | 10 Japan | 79,252,000 | 2023 | -7.34% | -10.44% | View data |
