Key Market Indicators
Singapore's nickel exports are forecast to reach $444.7 million by 2026, a drop of 0.7% per year on average from 2021's total of $465.9 million. Since 1994, supply has grown 5.7% annually. In 2021, the country was ranked 17th in the world, overtaken by Austria's total of $465.9 million. The United States, Russia and Germany were the second, third and fourth biggest exporters respectively. Imports of nickel into Singapore are expected to fall to $106 million by 2026, a decrease of 14.7% per year on average from 2021's total of $259.9 million. Since 1994, demand has dropped 10.4% annually. Mexico overtook Singapore in 2021, coming in 19th place with $259.9 million. The United States, Japan and Norway were the second, third and fourth biggest importers respectively.
