In 2023, the import of unwrought nickel to the US stood at 1.3 billion US Dollars. From 2024 to 2028, forecasts show a gradual decrease, with the value declining from 1.2699 billion to 1.1359 billion US Dollars. Year-on-year variations indicate a persistent downward trend, with an average decrease of about 2.23% annually from 2024 to 2028, reflecting a negative compound annual growth rate (CAGR).
Future trends to watch for include:
- Potential effects of new trade policies and geopolitical factors affecting nickel supply chains.
- Developments in the electric vehicle sector, which may influence nickel demand.
- Technological advancements in nickel extraction and refining processes.