According to GlobalData, the Philippines is the world’s second-largest producer of nickel, with output of 346kt in 2022, down by 10.49% on 2021. Over the five years to 2021, production from the Philippines increased by a CAGR of 0.06% and is expected to rise by a CAGR of 0.06% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its report. Buy the report here.
The Philippines accounts for 12% of global production, with the other largest producers being Indonesia (39%), Russia (8%), New Caledonia (7%) and Australia (6%). Exports of nickel from the Philippines declined by 9.36% to 39,323kt 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 0.06% between 2022 and 2026, to 40,375kt by 2026.
Sumitomo Metal Mining is one of the leading producers of nickel in the Philippines. Sumitomo Metal Mining's output was 10.66kt in 2021, down by 5% on 2020.
For more detailed analysis of nickel in the Philippines, buy the report here.
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