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Saudi Arabia Nickel Industry Outlook 2024 - 2028

See how Saudi Arabia Nickel performed compared to key markets such as the United States, Canada and Russia.

Key Market Indicators

Saudi Nickel Exports are poised to hit $53 million by 2028, up from approximately $46 million in 2023, marking an average annual growth rate of 2.5%. This upward trend has been consistent since 1996, with Saudi supply increasing by an average of 4.6% each year. In 2023, Saudi Arabia ranked 29th globally in nickel exports, with Spain surpassing it with the same $46 million mark. Leading the global rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth positions respectively. On the import side, Saudi Nickel Imports are projected to reach $49 million by 2028, rising from around $45 million in 2023 at an average annual growth rate of 1.4%. Since 1996, the country's nickel demand has been growing at an average rate of 0.6% per year.

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Saudi Arabia Nickel Market Data and Forecasts