According to GlobalData, the Philippines is the world’s second-largest producer of nickel in 2022, with output down by 10.49% on 2021. Over the five years to 2021, production from the Philippines increased by a CAGR of 3% and is expected to rise by a CAGR of 0.43% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Nickel Mining to 2026 report. Buy the report here.
The Philippines accounts for 12% of global production, with the largest producers being Indonesia, Russia, New Caledonia and Australia. Exports of nickel from the Philippines declined by 9.36% in 2022 over 2021, with the highest share being exported to China. The Philippines’s nickel exports are expected to grow at a CAGR of 0.39% between 2022 and 2026.
Sumitomo Metal Mining is one of the leading producers of nickel in the Philippines. In 2021, the company’s output was down by 5% over 2020.
For more detailed analysis of global nickel mining, buy the report here.