Key Market Indicators
Nicaragua's nickel imports are projected to surge to approximately $58,000 by 2028, marking a significant increase from the current $50,000 recorded in 2023. This growth reflects a compound annual growth rate (CAGR) of 2.4%. Notably, since 1998, the demand for nickel in Nicaragua has consistently risen, with an average annual increase of 4.2%. This steady upward trend underscores the country's expanding industrial requirements and the growing importance of nickel in its economic landscape.
