In 2023, Malaysia significantly led global imports of rare-earth metals, scandium, and yttrium by volume, followed by Japan. Poland and Austria showed substantial year-on-year growth of over 50%, contrasting with declines in the United States, Germany, and South Korea. China and the United Kingdom experienced notable declines as well, emphasizing shifting dynamics in their import dependencies. Singapore, Lithuania, and El Salvador recorded moderate increases.
Future trends to watch include potential diversification of suppliers beyond China, increased investment in domestic processing capacity, and advancements in recycling technology which could alter the demand landscape. Geopolitical factors and technological innovations within industries relying heavily on these materials may also significantly impact import patterns.
Top countries in Import of Rare-Earth Metals, Scandium and Yttrium by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 38,651,000 | 2023 | +4.61% | +5.29% | View data |
| 2 | 2 Japan | 9,676,500 | 2023 | +2.5% | +2.08% | View data |
| 3 | 3 Norway | 777,020 | 2023 | +2.95% | +0.31% | View data |
| 4 | 4 India | 746,060 | 2023 | +3.78% | +2.81% | View data |
| 5 | 5 Spain | 525,160 | 2023 | +3.98% | +2.94% | View data |
| 6 | 6 Portugal | 509,160 | 2023 | +6.74% | +1.36% | View data |
| 7 | 7 Thailand | 464,600 | 2023 | +5.61% | +5.72% | View data |
| 8 | 8 United States | 419,460 | 2023 | -0.25% | -0.89% | View data |
| 9 | 9 Germany | 314,660 | 2023 | -0.34% | -0.75% | View data |
| 10 | 10 Poland | 198,200 | 2023 | +4.44% | +55.16% | View data |
