Key Market Indicators
Finland's nickel export market is projected to surge to approximately $1.3 billion by 2028, up from around $1.1 billion in 2023. This reflects an average annual growth rate of 2.2%. Historically, Finland's nickel supply has seen a consistent year-on-year increase of 1% since 1993. In 2023, Finland ranked seventh in global nickel exports, with the United Kingdom surpassing it, also posting around $1.1 billion. Leading the rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth spots respectively. On the import front, Finland's nickel imports are expected to climb to nearly $1.2 billion by 2028, from approximately $978 million in 2023. This represents an average annual compound growth rate (CAGR) of 2.6%. Finnish demand for nickel has also increased steadily, rising by 1.1% annually since 1993.
