Key Market Indicators
Serbia's nickel imports are poised to reach approximately $17 million by 2028, rising from around $14 million in 2023. This marks an average annual growth rate of 3.3%. Since 2010, Serbian demand for nickel has seen a steady increase of 1.6% per year. In terms of exports, Serbia is expected to see its nickel exports grow to about $5.5 million by 2028, up from nearly $4.5 million in 2023. This represents a compound annual growth rate of 3.2%. Since 2010, Serbia's nickel supply has increased by 3.3% each year. In 2023, Serbia ranked 42nd in nickel exports, with Egypt surpassing it at the same figure of $4.5 million. Leading the global rankings were Canada, Russia, and Malaysia, taking the second, third, and fourth spots respectively.
