Key Market Indicators
Peru's nickel imports are projected to reach approximately $3.27 million by 2028, down from $3.33 million in 2023. This represents an average annual decline of 0.3%. Historically, Peruvian demand for nickel has been on a downward trajectory, decreasing by an average of 2.8% annually since 1997. On the export front, Peru's nickel exports surged to approximately $22,400 in 2018, up from $20,800 in 2017. This marks an 8.1% increase compared to the previous year. However, the long-term trend reveals a stark decline in nickel supply, with Peruvian exports plummeting by 53.7% annually since 1997.