Key Market Indicators
New Caledonia has seen a notable decline in its nickel imports, with figures dropping to approximately $120,000 in 2023, down from around $144,000 in 2022. This marks a 16.7% decrease compared to the previous year. The downward trend in demand has been consistent since 2004, with an average annual decline of 13.3%. On the export front, New Caledonia's nickel industry is projected to experience moderate growth. Exports are expected to reach roughly $273 million by 2028, up from an estimated $258 million in 2023. This growth represents an average annual increase of 0.9%. Since 2004, the country's nickel supply has seen a steady rise, averaging a 1.2% increase each year.
