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Guatemala Nickel Industry Outlook 2024 - 2028

See how Guatemala Nickel performed compared to key markets.

Key Market Indicators

Guatemala's nickel export market is projected to experience a slight decline over the next five years. According to industry forecasts, the country's nickel exports are expected to decrease to approximately $15,400 by 2028, down from around $16,000 in 2023. This represents an average annual decline of 0.6%. Historical data indicates that Guatemalan nickel supply has been contracting at a rate of 0.8% per year since 1998. Meanwhile, the outlook for Guatemalan nickel imports paints a more pronounced downward trend. Projections suggest that imports will plummet to roughly $47,600 by 2028, a significant drop from nearly $93,000 in 2023. This equates to an average annual decrease of 10.6%. Reflecting a longer-term trend, Guatemalan demand for nickel has been shrinking by 7.6% annually since 1998.

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Guatemala Nickel Market Data and Forecasts