In 2023, Brazil's import of unwrought nickel alloys stood at 2.6047 million USD. Forecasts from 2024 to 2028 show a gradual decline in value, with a decrease from 2.5845 to 2.5024 million USD by 2028. The year-on-year variation from 2024 onwards shows a decreasing trend in import value, with the compound annual growth rate (CAGR) over the five-year period being negative, indicating a slow but steady reduction in the value of nickel alloy imports.
Future trends to watch include:
- Global demand for nickel in battery production and its impact on pricing.
- Potential changes in trade policies or agreements affecting Brazilian imports.
- Technological advancements or substitutes that could influence demand for nickel alloys.
