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Paraguay Nickel Industry Outlook 2024 - 2028

See how Paraguay Nickel performed compared to key markets.

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Paraguay's nickel imports are projected to drop significantly over the next five years. By 2028, the country is expected to import approximately $55,000 worth of nickel, down from around $91,000 in 2023. This marks an annual average decline rate of 8%. Historical data indicates a steady decrease in demand, with Paraguayan nickel imports falling by an average of 5.8% each year since 1994. The supply side has also seen a sharp decline. Since 2013, Paraguay's nickel supply has plummeted by nearly 50% annually.

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Paraguay Nickel Market Data and Forecasts