In 2023, Japan led the global import of Nickel Sulphates with a substantial share of 48.98% in US dollars, reflecting a year-on-year growth of 10.84%. South Korea’s share stood at 11.73%, with a modest increase of 3.7%. Emerging economies like Canada and Australia also showed significant import activities, with shares of 6.52% and 5.29%, respectively. China's imports, while accounting for 4.02%, only marginally increased by 1.25%. While some countries like Malaysia experienced a decline in imports, others like Brunei saw significant growth, highlighting diversified import trends across regions.
Future trends to watch include:
- Japan's continued dominance in imports, driven by its burgeoning battery industry.
- Potential growth in South Korea linked to expanding electric vehicle (EV) production capacities.
- Technology and policy shifts in China's nickel sulphate processing could commence another surge in demand.
- Western nations' evolving EV policies could further influence import patterns.
- Trade policies and geopolitical factors may also cause fluctuations in regional import shares.
Top countries in Import of Nickel Sulphates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 48.98 | 2023 | +5.9% | +10.84% | View data |
| 2 | 2 South Korea | 11.73 | 2023 | +4.13% | +3.7% | View data |
| 3 | 3 Canada | 6.52 | 2023 | +4.48% | +8.93% | View data |
| 4 | 4 Australia | 5.29 | 2023 | +6.13% | +1.32% | View data |
| 5 | 5 China | 4.02 | 2023 | +2.59% | +1.25% | View data |
| 6 | 6 Malaysia | 2.18 | 2023 | -0.69% | -2.52% | View data |
| 7 | 7 Netherlands | 2.16 | 2023 | +6.14% | +3.76% | View data |
| 8 | 8 United Kingdom | 1.79 | 2023 | +4.21% | +4.77% | View data |
| 9 | 9 Philippines | 1.49 | 2023 | +4.88% | +4.29% | View data |
| 10 | 10 Italy | 1.37 | 2023 | +0.29% | -0.31% | View data |
