Key Market Indicators
Bangladesh's nickel import is projected to decline over the next five years, with estimates suggesting it will fall from approximately $1.33 million in 2023 to around $1.22 million by 2028. This represents an average annual decrease of 1.5%. Historical data indicates a consistent drop in demand, with a year-on-year decline of 1.7% since 1994. On the export front, Bangladesh is also expected to see a significant reduction. Nickel exports are anticipated to decrease from about $39,000 in 2023 to roughly $22,000 by 2028, marking an average annual decline of 9.5%. This downward trend follows a historical pattern, with the supply of nickel dropping by 7.1% year on year since 2005.
