Nickel imports to Germany experienced significant fluctuations between 2013 and 2023. Following a peak of 134.0 thousand metric tons in 2013, imports declined notably in 2016, reaching 102.3 thousand metric tons. This was followed by a general recovery trend, with minor fluctuations, leading to a value of 120.51 thousand metric tons in 2023.
Year-on-year variations in recent years indicate a moderate upward trend; 12.82% in 2022 and a slight increase of 2.51% in 2023. The five-year CAGR leading up to 2023 is 0.44%, illustrating modest annual growth.
Forecasts suggest a stable yet slight decrease from 2024 onwards, with an overall five-year forecasted CAGR of -0.29%, indicating a minor reduction trend through 2028.
- Monitoring shifts in global nickel supply and demand dynamics will be crucial.
- Potential regulatory changes affecting the metal industry in Germany and its trade partners could impact future imports.
- Technological advancements in nickel recycling and substitution may also play a role in altering import patterns.
