Key Market Indicators
Nicaragua is set to be the 121st largest importer of nickel in the world by 2026, according to projections. Demand for the metal has risen 13.8% each year since 1998. In 2021, Greenland overtook Nicaragua to become the 120th largest importer of nickel, with an estimated $47.4 million in imports. The United States, Japan and Norway follow as the second, third and fourth largest importers respectively. By 2026, Nicaragua's nickel imports are expected to reach around $55.3 million, a 2.7% year-on-year growth rate.
