The forecasted series of sold production of unwrought nickel in the UK shows a steady decline from 2024 to 2028. In 2023, the actual figure stood at 83 million Euros. Looking at the year-on-year variation:
- 2024 to 2025: -8.2%
- 2025 to 2026: -8.7%
- 2026 to 2027: -9.3%
- 2027 to 2028: -10.1%
The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is approximately -7.1%, indicating a continuous downward trend.
Future trends to watch for include potential changes in global nickel demand, technological advancements in nickel recycling, and geopolitical factors affecting nickel supply chains. Monitoring these trends is crucial for anticipating shifts in production and market dynamics.
