In 2023, Malaysia dominated the global import market of rare-earth metals, scandium, and yttrium by country, accounting for a significant share, followed by Japan and Norway. Emerging markets such as Poland and Austria showed remarkable growth, with imports rising considerably, reflecting a CAGR driven by market diversification and evolving industry demands.
Future trends to watch include the potential strengthening of supply chain diversification beyond China, the rise in sustainable and ethical sourcing, and increased demand from tech and renewable energy sectors. Such dynamics are likely to influence global trade policies and encourage investments in rare-earth alternatives.
Top countries in Import of Rare-Earth Metals, Scandium and Yttrium Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 68.01 | 2023 | +4.61% | +5.29% | View data |
| 2 | 2 Japan | 17.03 | 2023 | +2.5% | +2.08% | View data |
| 3 | 3 Norway | 1.37 | 2023 | +2.95% | +0.31% | View data |
| 4 | 4 India | 1.31 | 2023 | +3.78% | +2.81% | View data |
| 5 | 5 Spain | 0.92 | 2023 | +3.98% | +2.94% | View data |
| 6 | 6 Portugal | 0.9 | 2023 | +6.74% | +1.36% | View data |
| 7 | 7 Thailand | 0.82 | 2023 | +5.61% | +5.72% | View data |
| 8 | 8 United States | 0.74 | 2023 | -0.25% | -0.89% | View data |
| 9 | 9 Germany | 0.55 | 2023 | -0.34% | -0.75% | View data |
| 10 | 10 Poland | 0.35 | 2023 | +4.44% | +55.16% | View data |
