Key Market Indicators
Brazil's nickel imports are projected to climb to approximately $142 million by 2028, up from around $134 million in 2023, marking a compound annual growth rate (CAGR) of 0.8%. Despite this upward trend, the nation's demand for nickel has seen a slight annual decline of 0.8% since 1994. On the export front, Brazil's nickel exports totaled roughly $52 million in 2018, a decrease from $55 million in 2017, reflecting a 5.4% year-on-year drop. Over the long term, the country's nickel supply has experienced a significant annual reduction of nearly 35% since 1994.
