Key Market Indicators
**Palestinian Nickel Imports Projected to Rise by 2028** Palestinian nickel imports are on an upward trajectory, expected to reach approximately $3.7 million by 2028. This marks a significant increase from around $3 million in 2023, with an average annual growth rate of 3%. Since 2012, the demand for nickel in Palestine has consistently risen, showing an annual increase of 2.7%. **Palestinian Nickel Exports Also on the Rise** In tandem with imports, Palestinian nickel exports are projected to grow, reaching about $1.3 million by 2028. This is up from approximately $1.1 million in 2023, with a compound annual growth rate (CAGR) of 3%. Since 2012, the supply of nickel from Palestine has increased annually by 1.8%. As of 2023, Palestine ranked 52nd in nickel export volume, with Hungary surpassing it with $1.1 million. The leading exporters in this ranking included Canada, Russia, and Malaysia, holding the second, third, and fourth positions respectively.
