# HS 381511 Reaction Initiators global trade data overview...

Reported global trade in reaction initiators, reaction accelerators and catalytic preparations, with nickel or nickel compounds as the active substance, n.e.c. or included reached $1.6B in 2024, with five-year annual growth of +6.9%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.0B | +7.3% | +11.3% |
| 2014 | $1.1B | +1.4% | +2.1% |
| 2015 | $992.9M | -5.6% | +0.9% |
| 2016 | $854.5M | -13.9% | -6.3% |
| 2017 | $1.0B | +19.9% | -0.9% |
| 2018 | $1.3B | +23.1% | +8.3% |
| 2019 | $1.2B | -8.8% | +10.4% |
| 2020 | $1.2B | +2.3% | +4.7% |
| 2021 | $1.2B | +3.5% | -1.2% |
| 2022 | $1.4B | +15% | +6.8% |
| 2023 | $1.6B | +16.8% | +11.6% |
| 2024 | $1.6B | -1.8% | +9.6% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $148.6M | +2.3% | 19 |
| Republic of Korea | $148.0M | +7.8% | 17 |
| USA | $146.9M | +10.2% | 27 |
| Saudi Arabia | $97.5M | +19.7% | 15 |
| Brazil | $59.6M | +19.9% | 10 |
| Germany | $57.3M | +2.3% | 25 |
| Kuwait | $56.2M | +1.9% | 9 |
| Indonesia | $51.4M | +19.5% | 14 |
| India | $51.4M | -3.4% | 14 |
| Canada | $48.4M | +14.3% | 13 |
| Japan | $47.1M | +3.8% | 14 |
| Philippines | $40.8M | +79% | 8 |

_Source: reported merchandise trade data. Updated 2026-08-14._