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El Salvador Nickel Industry Outlook 2024 - 2028

See how El Salvador Nickel performed compared to key markets such as the United States, Canada and Russia.

Key Market Indicators

Salvadoran Nickel Export is projected to reach approximately $19,900 by 2028, up from $15,600 in 2023. This marks an average annual growth rate of 3.8%. Since 2000, the country's nickel supply has increased by an average of 55.4% per year. In 2023, El Salvador ranked 63rd in nickel export value, with Pakistan surpassing it at the same value of $15,600. Leading the rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth positions respectively. Conversely, Salvadoran Nickel Import is anticipated to decline slightly to around $220,400 by 2028, down from $221,600 in 2023, reflecting an average annual decrease of 0.1%. Since 1999, the demand for nickel in El Salvador has grown by an average of 2.8% each year.

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El Salvador Nickel Market Data and Forecasts