Key Market Indicators
Imports of nickel into South Africa fell by 51.1% to around $7 million in 2021, compared to $13.8 million in 2020. This is the lowest level since 2005, when imports dropped 48.8% year-on-year. South Africa ranked 55th in 2021, with Pakistan overtaking them at $7 million. The US, Japan and Norway respectively ranked 2nd, 3rd and 4th in this ranking. Exports of nickel from South Africa are set to reach $405 million by 2026, growing 0.9% year-on-year on a compound annual growth rate. Since 2005, South African supply has increased by 5.1% yearly. South Africa came in at 18th place in 2021, with China overtaking them at $385 million. The US, Russia and Germany respectively ranked 2nd, 3rd and 4th in this ranking.
South Africa Nickel Market Data and Forecasts
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