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Barbados Nickel Industry Outlook 2024 - 2028

See how Barbados Nickel performed compared to key markets.

Key Market Indicators

**Barbados Nickel Import Forecast to Decline by 2028** Barbados is projected to see a decline in its nickel imports over the next five years. According to industry data, the nation's nickel import is expected to decrease to approximately $85,000 by 2028 from around $90,000 in 2023. This decline marks an average annual reduction of 1%. Historical data underscores a consistent downward trend, with Barbadian demand for nickel decreasing by an average of 3.8% each year since 2002. **Barbados Nickel Export to Rise by 2028** In contrast, Barbados is on track to increase its nickel exports. Projections indicate that the country's nickel export will reach about $1,000 by 2028, up from approximately $850 in 2023. This growth represents an average annual increase of 2.7%. Since 2007, Barbadian nickel supply has shown a positive trend, with an annual growth rate averaging 4.2%.

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Barbados Nickel Market Data and Forecasts

How much will Barbados Nickel Market grow to 2028?

Forecast: Import of Nickel and Articles Thereof to Barbados
Forecast: Import of Nickel Fittings, Pipe and Tube to Barbados
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