Key Market Indicators
Sri Lanka's nickel imports are projected to rise to approximately $374,000 by 2028, up from around $372,000 in 2023. This represents an average annual growth rate of 0.1%. Historical data since 1999 indicates a steady demand increase of 0.1% per year. On the export front, Sri Lanka saw a significant surge in nickel exports, totaling nearly $28,000 in 2017, a dramatic jump from just $8,550 in 2016. This marks a staggering growth of 227% year-on-year. Since 1999, Sri Lankan nickel supply has expanded by an average of 207% annually. These trends highlight the evolving dynamics of Sri Lanka's nickel trade, reflecting both gradual increases in import demands and substantial gains in export activities.
