Key Market Indicators
Germany's nickel export market is projected to hit approximately $1.6 billion by 2028, up from around $1.5 billion in 2023, marking an average annual growth rate of 1.2%. Since 1996, the country's nickel supply has seen a modest annual increase of 0.3%. In the global rankings for 2023, Germany stood at number five, with Malaysia taking the fourth spot at $1.5 billion. Canada and Russia occupied the second and third positions, respectively. On the import side, Germany's nickel imports are expected to decline to nearly $1.6 billion by 2028, down from about $1.6 billion in 2023, reflecting an average annual decrease of 0.4%. Since 1996, the country's demand for nickel has been on a downward trend, shrinking by 2.2% annually.
