The import of nickel powders and flakes into the UK has been projected to grow steadily from 2024 to 2028. As of 2023, imports stood at a slightly lower level compared to the forecast for 2024. From 2024 onwards, there is a consistent increase observed, with year-on-year variations showing marginal growth. The five-year compound annual growth rate (CAGR) signifies a moderate ascension in imports highlighting a stable demand trajectory in the coming years.
Future trends to watch for include:
- Potential impacts of technological advancements in battery manufacturing which may increase demand.
- The influence of global trade policies and environmental regulations on supply chains.
- Developments in alternative materials that could pose a competitive threat to nickel powders and flakes.
