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The Czech Republic Nickel Industry Outlook 2024 - 2028

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

Key Market Indicators

Czechia's nickel export value is projected to climb to approximately $72 million by 2028, up from around $70 million in 2023. This represents an average annual growth rate of 0.5%. However, since 1998, the country's nickel supply has seen a slight annual decrease of 0.1%. In 2023, Czechia ranked 27th globally in nickel exports, having been overtaken by the United Arab Emirates, which matched Czechia's $70 million export value. Leading the global rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth spots, respectively. On the import side, Czechia's nickel imports are expected to rise to about $198 million by 2028, up from nearly $184 million in 2023. This growth translates to an average annual increase of 1.2%. Despite this upward trend, Czechia's nickel demand has experienced a slight annual decline of 0.4% since 1998.

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The Czech Republic Nickel Market Data and Forecasts