The global export of nickel oxide sinters and intermediate nickel products in 2023 was significantly dominated by the Philippines, which commanded 83.68% of the market share in terms of dollar value. Canada followed with an 8.33% share, while the United States held a 3.31% share. Germany and Finland represented smaller portions of the market, with shares of 2.34% and 0.35%, respectively. Other countries including the United Kingdom, South Korea, Serbia, Switzerland, and Thailand contributed marginally to the global share.
Year-on-year variations from 2022 to 2023 indicate that the Philippines and Finland experienced growth, with increases of 6.74% and 6.09% respectively, while Canada and Switzerland faced declines, showing reductions of 24.46% and 21.73%. The United States, United Kingdom, South Korea, and Serbia saw improvements but with smaller positive variations, while Germany and Thailand experienced minor decreases. Over the last five years, the compound annual growth rate (CAGR) provides insights into the average yearly changes, crucial for long-term trend analysis.
Future trends to watch include the potential rise in global demand for nickel-related products due to the increasing reliance on nickel in battery technology for electric vehicles. This could affect the strategic positioning of primary exporters like the Philippines and Canada. Monitoring geopolitical dynamics and environmental regulations that influence mining and production could also impact future market shares.
Top countries in Export of Nickel Oxide Sinters and Intermediate Nickel Products Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 83.68 | 2023 | +4.94% | +6.74% | View data |
| 2 | 2 Canada | 8.33 | 2023 | -44.54% | -24.46% | View data |
| 3 | 3 United States | 3.31 | 2023 | +0.49% | +3.53% | View data |
| 4 | 4 Germany | 2.34 | 2023 | -4.68% | -5.33% | View data |
| 5 | 5 Finland | 0.35 | 2023 | +6.36% | +6.09% | View data |
| 6 | 6 United Kingdom | 0.25 | 2023 | -5.47% | +3.07% | View data |
| 7 | 7 South Korea | 0.16 | 2023 | -0.67% | +1.74% | View data |
| 8 | 8 Serbia | 0.086 | 2023 | +3.63% | +2.46% | View data |
| 9 | 9 Switzerland | 0.002 | 2023 | +0.15% | -21.73% | View data |
| 10 | 10 Thailand | 0.001 | 2023 | -39.97% | -1.67% | View data |
