From 2024 to 2028, the UK nickel trade balance forecast remains flat with a consistent metric of 0.001 metric tons per capita annually. This stability, based on forecasted data, suggests no significant shifts in the trade balance from the actual figures of previous years, up to 2023. The trend over the past years, starting from a minimal base, also shows negligible year-on-year and 5-year CAGR due to the consistent figures maintaining the minimal status quo.

Future trends to watch for include:

Potential changes in UK industrial demand for nickel driven by shifts in technology or manufacturing.
Global nickel price fluctuations that might impact import/export dynamics.
Policy changes related to metal import tariffs or trade agreements