In 2024, the forecasted sold production of nickel plates, sheets, strip, and foil in the UK is 49.263 million euros. There is a gradual year-on-year decline expected, with values decreasing from 49.263 million euros in 2024 to 47.606 million euros by 2028. This represents an average annual decline, calculated through a Compound Annual Growth Rate (CAGR), signifying a subtle but continuous reduction in production value.
Looking forward, the forecast suggests:
- An ongoing decline in production might indicate a shift in industry demand, technology efficiency, or alternative material adoption.
- Potential changes in global nickel supply and regulatory developments could further impact production levels.
