Key Market Indicators
Nepal's iron ore imports are projected to hit approximately $2.4 million by 2028, up from an estimated $2.1 million in 2023. This marks an average annual growth rate of 2.7%. Since 1999, the demand for iron ore in Nepal has been on a steady rise, increasing by an average of 4.2% each year. This consistent growth underscores the country's expanding industrial needs and infrastructure development.
