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Nickel Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Nickel Industry

Global Nickel Trends in 2024

Nickel is part of Non-Ferrous Metal and includes a number of sub-sectors such as Nickel Mineralization. You may also be interested in Zinc, Copper and Aluminium.

Global Nickel Exports are projected to decline to $18.1 billion by 2028, down from $21.2 billion in 2023, marking an average annual decrease of 1.5%. Since 2019, global supply has decreased by 1.2% annually. The United States led the world in nickel exports in 2023, with a total of $2.96 billion. Following the United States, Canada, Russia, and Malaysia secured the second, third, and fourth spots, respectively. Notably, Cyprus experienced a significant surge in its nickel exports, increasing by 471.4% year-on-year. In contrast, India saw a dramatic decline, with its exports falling by 48.9% annually since 2019.

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Top 10 countries

In 2024 major markets in the Nickel Industry were:

Nickel Market Data and Forecasts

How much the Nickel industry is expected to grow to 2028?

Forecast: Global Export of Nickel and Articles Thereof
Forecast: Import of Nickel and Articles Thereof to the EU
Forecast: Export of Nickel and Articles Thereof from the EU
Forecast: Export of Nickel and Articles Thereof from Russia
Forecast: Import of Nickel and Articles Thereof to Norway
More in Nickel Industry for 2028

Global Nickel Statistics

Global Nickel Industry Database