Key Market Indicators
Zimbabwe's nickel export is projected to reach approximately $698 million by 2028, up from around $580 million in 2023, marking a compound annual growth rate (CAGR) of 2.9%. Since the year 2000, Zimbabwe's nickel supply has increased by an average of 2% annually. In 2023, Zimbabwe held the 13th position globally in nickel exports, with France slightly ahead, also reporting $580 million in exports. The top three countries in nickel exports were Canada, Russia, and Malaysia, respectively. On the import side, Zimbabwe's nickel imports surged to about $72,000 in 2018, up from roughly $55,000 in 2017, representing a 31% increase year over year. However, since 2006, the country's demand for nickel has plummeted by 77% annually.
