Key Market Indicators
The Dominican Republic's nickel export is projected to climb to approximately $377,000 by 2028, up from $325,000 in 2023. This represents an annual compound growth rate (CAGR) of 2.3%. Since 2002, the country's nickel supply has increased by an average of 3.5% per year. On the import front, the Dominican Republic's nickel imports are expected to reach around $1.28 million by 2028, rising from $1.12 million in 2023. This marks an average annual growth rate of 2%. Since 2006, the demand for nickel in the Dominican Republic has grown by 3% year on year. These figures highlight the steady growth in both the export and import sectors of nickel in the Dominican Republic, reflecting its expanding role in the global nickel market.
