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Australia Nickel Industry Outlook 2024 - 2028

See how Australia Nickel performed compared to key markets.

Key Market Indicators

Australia's nickel import market is projected to decline significantly over the next five years. By 2028, imports are expected to drop to approximately $42 million, down from around $55 million in 2023. This marks a yearly decrease of 4.3%. The trend is not new. Since 1993, Australian demand for nickel has been on a steady decline, falling by an average of 4.8% each year. On the export front, the numbers tell a different story. In 2018, Australia's nickel exports surged to nearly $109 million, a stark rise from about $58 million in 2017, translating to an 88% increase year-on-year. However, despite this dramatic one-year spike, the long-term trend has been less favorable. Since 1993, Australia's nickel supply has decreased by an average of 32.3% annually.

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Australia Nickel Market Data and Forecasts

How much will Australia Nickel Market grow to 2028?

Forecast: Export of Nickel Ores and Concentrates from Australia
Forecast: Import of Nickel and Articles Thereof to Australia
Forecast: Import of Unwrought Nickel to Australia
Forecast: Import of Nickel Sulphates to Australia
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