Key Market Indicators
Malagasy nickel exports are expected to reach $562 million by 2026, an increase of 2.9% year-on-year on average. Since 1999, Malagasy supply has grown at a rate of 3.5% year-on-year. In 2021, the country was ranked 16th globally, with the Philippines overtaking it at $476 million. The United States, Russia, and Germany were ranked second, third, and fourth respectively. Meanwhile, Malagasy nickel imports are projected to reach $1.3 billion by 2026, up 1.1% year-on-year on average. Since 1995, Malagasy demand has grown by 31.5% year-on-year. In 2021, the country was ranked 77th globally, with Nigeria ahead at $1.2 billion. The United States, Japan, and Norway were ranked second, third, and fourth respectively.
