Key Market Indicators
Saudi nickel exports are expected to reach around $51 million by 2026, up 2.8% on average year-on-year from $43.4 million in 2021. Since 1996, supply has increased by almost 5% year-on-year. In 2021, Saudi Arabia placed 32nd in the global rankings, overtaken by India with $43.4 million. The United States, Russia and Germany were the second, third and fourth highest-ranked countries, respectively. Meanwhile, Saudi nickel imports are projected to reach $48.5 million by 2026, increasing by 1.6% on average year-on-year from $44.4 million in 2021. Since 1996, demand has grown 13.8% year-on-year. In 2021, Saudi Arabia ranked 37th in the global rankings, supplanted by Israel with $44.4 million. The United States, Japan and Norway followed as the second, third and fourth highest-ranked countries.
