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Uruguay Nickel Industry Outlook 2024 - 2028

See how Uruguay Nickel performed compared to key markets.

Key Market Indicators

Uruguay's nickel import market is projected to experience a significant decline over the next few years. By 2028, imports are expected to drop to roughly $75,000, down from approximately $105,000 in 2023. This represents an average annual decrease of 5.3%. This downward trend is consistent with the country's historical data. Since 1999, Uruguay's demand for nickel has been falling at an average rate of 4.9% per year. On the export front, Uruguay saw a remarkable surge in 2018. The country's nickel exports skyrocketed to nearly $19,000, a staggering 274% increase from the $5,000 reported in 2017. This sharp rise in exports underscores a notable shift in Uruguay's nickel trade dynamics over the past few years.

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Uruguay Nickel Market Data and Forecasts