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Pakistan Nickel Industry Outlook 2024 - 2028

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

Key Market Indicators

Pakistan's nickel export is projected to decline significantly by 2028, dropping to approximately $29,000 from around $47,000 in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 7.5%. Since 2008, the country's nickel supply has seen a consistent decline of 12.8% annually. In the global ranking for 2023, Pakistan stood at the 62nd position, with Azerbaijan leading at the same export value of $47,000. The top spots in nickel export were held by Canada, Russia, and Malaysia, occupying the second, third, and fourth positions respectively. Conversely, Pakistan's nickel import is on an upward trajectory. By 2028, it is expected to reach roughly $22.5 million, up from $21 million in 2023. This marks an average annual growth rate of 1% in imports. Since 2008, Pakistan's demand for nickel has increased by 1.1% each year.

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Pakistan Nickel Market Data and Forecasts