The global export market for Nickel Bars, Rods, Profiles, and Wire was led by the United States in 2023, with exports valued at $1.0129 billion. Key players in Europe included Germany, Austria, and France, although Germany saw a year-on-year decline of 0.55%, while Austria experienced a strong increase of 3.66%. In Asia, Japan and China both registered growth, with Japan showing a 3.76% increase year-on-year. Notable growth was observed in emerging markets like Costa Rica, Malaysia, and Lithuania, indicating diversification in global supply sources.
Future trends to watch include the potential shifts in geographical dependencies for nickel exports. Emerging economies are likely to strengthen their positions due to increased demand for nickel in electric vehicle and renewable energy sectors. Technological advances in production and rising environmental standards may also influence market dynamics, with increased competition among top-exporting countries for market share in innovative and sustainable nickel products.
Top countries in Export of Nickel Bars, Rods, Profiles and Wire by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,012,900,000 | 2023 | +2.72% | +1.86% | View data |
| 2 | 2 Germany | 371,370,000 | 2023 | +0.78% | -0.55% | View data |
| 3 | 3 Austria | 367,080,000 | 2023 | +5.2% | +3.66% | View data |
| 4 | 4 France | 312,730,000 | 2023 | +2.57% | +0.52% | View data |
| 5 | 5 United Kingdom | 282,330,000 | 2023 | +2.13% | +1.73% | View data |
| 6 | 6 Switzerland | 122,020,000 | 2023 | +5.78% | +11.32% | View data |
| 7 | 7 Italy | 118,770,000 | 2023 | +1.27% | +1.07% | View data |
| 8 | 8 Sweden | 81,486,000 | 2023 | +1.55% | +0.62% | View data |
| 9 | 9 Japan | 65,940,000 | 2023 | +1.6% | +3.76% | View data |
| 10 | 10 China | 56,535,000 | 2023 | +2.5% | +1.72% | View data |
