The forecasted decline in India's import of nickel bars, rods, and profiles from 2024 to 2028 presents a consistent downward trend. From 2024's 17.05 thousand kilograms, imports are expected to decrease to 15.31 thousand kilograms in 2028, highlighting a noticeable reduction over the years. Comparing 2024 to the previous year, 2023, provides insights into volumetric shifts, though the specific 2023 figures aren't detailed here. The overall decline reflects a compound annual growth rate (CAGR) that is negative, indicating a systematic contraction in imports annually over this period. Future trends to track include:

The influence of domestic nickel production advancements on import reliance.
Potential shifts in industrial demand, particularly from electronics and manufacturing sectors.
Changes in government policies impacting import tariffs and quotas.
Global nickel price volatility which could affect import costs and volumes.