Key Market Indicators
In 2023, Lebanon's nickel exports dropped to approximately $3,700, a 23.4% decline from $4,900 in 2022. This continues a long-term downward trend, with the nation's nickel supply decreasing by 17.4% annually since 2002. On the import front, Lebanon's nickel imports are projected to decrease slightly over the next five years. By 2028, imports are expected to fall to around $262,000 from the current $279,000, representing a 1% annual decline in compound annual growth rate (CAGR). Despite this recent downturn, Lebanese demand for nickel has seen a steady increase of 9.1% per year since 2002.
