Key Market Indicators
Oman's nickel imports are projected to rise to approximately $30 million by 2028, up from around $26 million in 2023. This represents an average annual growth rate of 2.7%. Since 1994, the country's demand for nickel has increased by an average of 6.3% each year. In contrast, Oman's nickel exports are expected to decline slightly, reaching about $3.3 million by 2028, down from nearly $3.4 million in 2023. This reflects an average annual decrease of 0.4%. However, since 2015, Omani nickel exports have surged by 39.4% annually. In 2023, Oman ranked 45th in nickel exports, with Qatar just ahead at roughly $3.4 million. The top exporters in this category were Canada, Russia, and Malaysia, holding the second, third, and fourth positions respectively.
