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Mexico Nickel Industry Outlook 2024 - 2028

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

Key Market Indicators

**Mexican Nickel Export Forecast to Hit $176 Million by 2028** Mexico's nickel export industry is poised for significant growth, with projections indicating an increase to $176 million by 2028, up from $143 million in 2023. This represents an average annual growth rate of 3.3%. Since 1995, the country's nickel supply has seen a modest year-on-year increase of 0.6%. In the global rankings for 2023, Mexico held the 24th position, with Switzerland leading the way at $143 million. Canada, Russia, and Malaysia followed as the second, third, and fourth largest exporters, respectively. **Steady Growth in Mexican Nickel Imports** On the import side, Mexican nickel demand is set to rise to $338 million by 2028, up from $306 million in 2023. This growth reflects an average annual rate of 1.5%. Since 1995, Mexico's nickel import demand has experienced a slight increase of 0.8% per year. The country's steady growth in both export and import sectors underscores its evolving role in the global nickel market.

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Mexico Nickel Market Data and Forecasts

How much will Mexico Nickel Market grow to 2028?

Forecast: Import of Nickel-Cadmium Electric Accumulators to Mexico
Forecast: Import of Nickel and Articles Thereof to Mexico
Forecast: Import of Nickel Bars, Rods, Profiles and Wire to Mexico
Forecast: Export of Nickel and Articles Thereof from Mexico
Forecast: Import of Nickel Alloy Bars, Rods and Profiles to Mexico
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