| Product Code: ETC4653153 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Canada`s import trend in the nickel market exhibited significant growth from 2023 to 2024, with a growth rate of 37.05%. The compound annual growth rate (CAGR) for the period of 2020-2024 stood at 16.83%. This surge in imports can be attributed to increased industrial demand and a shift in global trade dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Nickel Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Nickel Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Nickel Market - Industry Life Cycle |
3.4 Canada Nickel Market - Porter's Five Forces |
3.5 Canada Nickel Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Canada Nickel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles, as nickel is a key component in their batteries |
4.2.2 Growth in infrastructure projects and construction activities, leading to higher demand for nickel-containing stainless steel |
4.2.3 Technological advancements in nickel mining and processing, improving efficiency and reducing costs |
4.3 Market Restraints |
4.3.1 Fluctuating nickel prices due to global economic conditions and trade tensions |
4.3.2 Environmental regulations impacting nickel mining operations |
4.3.3 Competition from alternative materials and substitutes impacting the demand for nickel |
5 Canada Nickel Market Trends |
6 Canada Nickel Market Segmentations |
6.1 Canada Nickel Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Canada Nickel Market Revenues & Volume, By Stainless Steel, 2022-2032F |
6.1.3 Canada Nickel Market Revenues & Volume, By Super Magnets, 2022-2032F |
6.1.4 Canada Nickel Market Revenues & Volume, By Electroplating Chemicals, 2022-2032F |
6.1.5 Canada Nickel Market Revenues & Volume, By Rechargeable Batteries, 2022-2032F |
6.1.6 Canada Nickel Market Revenues & Volume, By Others, 2022-2032F |
7 Canada Nickel Market Import-Export Trade Statistics |
7.1 Canada Nickel Market Export to Major Countries |
7.2 Canada Nickel Market Imports from Major Countries |
8 Canada Nickel Market Key Performance Indicators |
8.1 Average selling price of nickel in the Canadian market |
8.2 Percentage of nickel production from sustainable and environmentally friendly sources |
8.3 Investment in research and development for nickel mining technologies |
9 Canada Nickel Market - Opportunity Assessment |
9.1 Canada Nickel Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Canada Nickel Market - Competitive Landscape |
10.1 Canada Nickel Market Revenue Share, By Companies, 2025 |
10.2 Canada Nickel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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