Key Market Indicators
Brunei's nickel imports are projected to surge to nearly $10.6 million by 2028, marking a significant increase from approximately $8 million in 2023. This represents an average annual growth rate of 4.4%. Notably, the demand for nickel in Brunei has been on a steady incline, rising by an average of 1.3% each year since 1997. Conversely, Brunei's nickel exports are expected to experience a downturn. By 2028, exports are forecasted to drop to around $8,300, down from $8,850 in 2023. This decline translates to a compound annual growth rate (CAGR) of -1.1%. The export supply of nickel from Brunei has been on a downward trend since 2007, decreasing by an average of 3% annually.
