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Norway Nickel Industry Outlook 2024 - 2028

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

Key Market Indicators

Norwegian nickel exports are projected to decline to approximately $888 million by 2028, down from around $994 million in 2023. This represents an average annual decrease of 1.8%. Historical data shows that since 1998, Norway's nickel supply has dropped by an average of 3.7% per year. In the global ranking for 2023, Norway was positioned at number eight for nickel exports, with Finland taking the lead at nearly $994 million. Other top nickel exporters included Canada, Russia, and Malaysia, holding the second, third, and fourth spots, respectively. On the import side, Norwegian nickel imports are expected to decrease slightly to about $1.6 billion by 2028, from $1.6 billion in 2023. This represents a modest annual decline of 0.2%. Since 1998, the country's demand for nickel has decreased by an average of 2.6% per year.

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Norway Nickel Market Data and Forecasts

How much will Norway Nickel Market grow to 2028?

Forecast: Import of Nickel and Articles Thereof to Norway
Forecast: Import of Nickel Mattes to Norway
Forecast: Export of Nickel and Articles Thereof from Norway
Forecast: Export of Unwrought Nickel from Norway
Forecast: Export of Unwrought Nickel from Norway
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