Key Market Indicators
Swiss nickel exports are projected to surge to approximately $192 million by 2028, up from around $159 million in 2023. This growth represents a compound annual growth rate (CAGR) of 2.9%. Since 1993, Switzerland's nickel supply has seen an impressive annual growth rate of 7.3%. In 2023, Switzerland ranked 23rd in global nickel exports, with Sweden surpassing it at a similar value of $159 million. Leading the rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth spots respectively. In parallel, Swiss nickel imports are expected to climb to about $214 million by 2028, increasing from approximately $186 million in 2023. This reflects a CAGR of 2.2%. Since 1993, the demand for nickel in Switzerland has risen by 4.9% annually.
