Key Market Indicators
Swedish Nickel Export is projected to reach nearly $200 million by 2028, up from approximately $187 million in 2023. This marks a steady growth rate of 1% year on year. Since 1997, Sweden's nickel supply has increased by an average of 1.9% annually. In 2023, Sweden ranked 22nd in the world for nickel exports, with Belgium surpassing it at the same value of $187 million. Leading the global rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth positions, respectively. On the import side, Swedish Nickel Import is expected to decrease to roughly $400 million by 2028, down from around $423 million in 2023. This represents an average annual decline of 0.9%. Since 1997, Swedish demand for nickel has fallen by an average of 2.9% each year.
