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India Nickel Industry Outlook 2023

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

Key Market Indicators

In 2023, Indian nickel exports plummeted to approximately $2.1 million, a staggering 87.5% drop from the previous year's $16.7 million. This significant decline has been part of a broader trend, with the country's supply decreasing by nearly 49% annually since 1993. India ranked 46th in global nickel exports in 2023, with Oman slightly ahead at the same export value of $2.1 million. Leading the international rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth positions, respectively. On the import front, India's nickel imports are projected to rise marginally. By 2028, imports are expected to reach around $739 million, up from $722 million in 2023, reflecting an average annual growth rate of 0.3%. However, since 1993, India's demand for nickel has seen a slight annual decline of 0.6%.

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India Nickel Market Data and Forecasts

How much will India Nickel Market grow?

Forecast: Import of Nickel and Articles Thereof to India
Forecast: Import of Unwrought Nickel to India
Forecast: Import of Unwrought Nickel to India
Forecast: Import of Ferro-Nickel to India
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