The production of Nickel Bars, Rods, Profiles, and Wire in Germany shows a fluctuating trend over the past decade. From 2013 to 2019, production volumes oscillated with minor year-on-year variations. Notably, 2020 marked a significant jump, doubling the production to over 36 million kilograms. This elevated level continued in subsequent years, with 2023 reporting a value of 37.38 million kilograms. An average annual growth rate of 22.54% characterizes the last five years. Forecast data suggests a continued, albeit slower, increase in production, with a projected annual growth rate of 1.1% for the next five years.
Future trends to watch for:
- Potential impacts of global nickel demand and supply fluctuations.
- Technological advancements in production processes.
- Might affect regulations and policies on nickel mining and environmental considerations.
- Economic factors influencing raw material costs and production investments.
