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Qatar Nickel Industry Outlook 2024 - 2028

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

Key Market Indicators

Qatari nickel exports are projected to surge to nearly $4.9 million by 2028, up from approximately $3.8 million in 2023. This represents an average annual growth rate of 3.9%. Since 2005, the nation's nickel supply has seen a modest year-on-year increase of 0.5%. In the global ranking for 2023, Qatar stood at the 44th position, with Israel slightly ahead at $3.8 million. Leading the rankings were Canada, Russia, and Malaysia, occupying the second, third, and fourth spots, respectively. On the import side, Qatar's nickel imports are expected to decline to around $10.6 million by 2028, down from $12.2 million in 2023. This downward trend translates to an average annual decrease of 2.3%. Since 2005, the country's demand for nickel has decreased at an average rate of 2.4% per year.

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Qatar Nickel Market Data and Forecasts