Key Market Indicators
Egypt's nickel imports are projected to reach approximately $11.6 million by 2028, up from about $10 million in 2023. This represents an average annual growth rate of 2.4%. Since 1999, the country's demand for nickel has increased by an annual average of 1.4%. In contrast, Egypt's nickel exports have seen a significant decline. The total value of exports fell to roughly $4.9 million in 2023, down from approximately $6.9 million in 2022. This marks a sharp 29.1% decrease compared to the previous year. Since 2001, the country's supply of nickel has decreased at an annual rate of 20.2%. In the global rankings for 2023, Egypt stood at 41st place for nickel exports. Denmark surpassed Egypt with exports totaling around $4.9 million. Leading the list were Canada, Russia, and Malaysia, occupying the second, third, and fourth positions respectively.
