Key Market Indicators
Iran's nickel import is projected to climb to approximately $37 million by 2028, up from around $37 million in 2023, marking an average annual growth rate of 0.2%. This follows a trend of increasing demand, which has risen by 0.3% annually since 2002. In contrast, Iran's nickel export is set for more robust growth, expected to reach roughly $1.4 million by 2028, up from about $1.1 million in 2023. This represents a compound annual growth rate (CAGR) of 3.9%. Since 2002, Iranian nickel supply has surged at an impressive rate of 6.9% per year.
