Key Market Indicators
Bermudian Nickel Import Poised for Decline by 2028 Bermuda's nickel import is projected to drop to approximately $6,500 by 2028, down from the current figure of around $7,900 in 2023. This marks a year-on-year compound annual growth rate (CAGR) decline of 3.1%. Since 2015, the demand for nickel in Bermuda has been on a downward trajectory, with an annual decrease of 1.1%. This trend highlights a consistent reduction in the island's need for the metal over the past several years.
