Key Market Indicators
Montenegrin nickel imports are expected to reach $1.1 million by 2026. This is a 1.3% year-on-year average growth rate, up from $1.01 million in 2021. Since 2011, Montenegrin demand has increased by 13.9% year on year. In 2021, Montenegro was ranked 80th in the world, with the Dominican Republic overtaking them at $1.01 million. The United States, Japan and Norway were the top three nickel importers in 2021. From 2013, Montenegrin nickel supplies have increased by an impressive 183.5% year on year. In 2018, the country was ranked 96th, with Peru coming in ahead at $4.76 million. The United States, Russia and Germany were the top three nickel suppliers that year.
