Key Market Indicators
Nickel exports from Latvia are projected to plunge by 19.4% in 2021, hitting $560,000. This figure is down from the $1.9 million reported in 2021. Since 1999, Latvian exports of nickel have increased 8.9% on average each year. In 2021, Latvia was ranked 51st in the world for nickel exports. Slovakia took the lead with exports of $1.9 million, followed by the United States, Russia, and Germany. Latvian Nickel imports are expected to reach $4.7 million by 2026, a 3.4% annual growth rate from 2021’s figure of $3.8 million. Since 1999, Latvian demand for nickel has risen 27.2% on average each year. In 2021, Latvia was ranked 61st in the world for nickel imports. Chile topped the list with imports of $3.8 million, followed by the United States, Japan, and Norway.
