Key Market Indicators
Japan's nickel imports are expected to increase from $2.9 billion to $3 billion by 2026, according to year-on-year growth projections. Since 1993, imports have risen by an average of 10.3% annually. In 2021, Japan ranked second in the world for nickel imports, with the United States coming in first at $2.9 billion. The US, Japan, and Norway followed in second, third, and fourth place, respectively. Meanwhile, Japan's nickel exports are projected to grow from $852 million to $914 million by 2026, at a 1.3% year-on-year compound annual growth rate. Since 1993, Japan's nickel supply has increased by an average of 3.6% annually. In 2021, Japan ranked ninth in the world for nickel exports, with Finland coming in first at $852 million. The US, Russia, and Germany ranked second, third, and fourth place, respectively.
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