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South Africa Nickel Industry Outlook 2024 - 2028

See how South Africa Nickel performed compared to key markets such as the United States, Canada and Russia.

Key Market Indicators

South African Nickel Exports are projected to reach approximately $406 million by 2028, up from around $386 million in 2023. This marks an average annual growth rate of 0.8%. However, since 2005, the country's nickel supply has declined by an average of 0.1% each year. In 2023, South Africa ranked 18th in global nickel exports. Singapore led the way with exports valued at $386 million. Canada, Russia, and Malaysia secured the second, third, and fourth spots, respectively. On the import front, South African Nickel imports plummeted to roughly $19 million in 2018, a sharp decline from around $53 million in 2017, representing a 64.2% decrease year-over-year. Since 2005, demand for nickel in South Africa has been on a downward trend, decreasing by an average of 16.1% annually.

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South Africa Nickel Market Data and Forecasts

How much will South Africa Nickel Market grow to 2028?

Forecast: Export of Nickel and Articles Thereof from South Africa
Forecast: Export of Unwrought Nickel from South Africa
Forecast: Export of Unwrought Nickel Alloys from South Africa
Forecast: Import of Ferro-Nickel to South Africa
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