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Namibia Nickel Industry Outlook 2024 - 2028

See how Namibia Nickel performed compared to key markets.

Key Market Indicators

Namibia's nickel imports are projected to increase to approximately $110,000 by 2028, up from around $102,000 in 2023. This growth represents an average annual increase of 1.3%. Historical data from 2005 indicates a modest rise in demand at an annual rate of 0.2%. In stark contrast, Namibian nickel exports have plummeted. The export value took a significant hit in 2017, dropping to just $359 from a substantial $5,130 in 2016, marking a dramatic 93% decline within a year. The broader trend since 2005 reveals a sharp decrease in supply, with an average annual reduction of 66.1%.

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Namibia Nickel Market Data and Forecasts