The import of Nickel Plates, Sheet, Strip, and Foil to Turkey has shown a clear declining trend from 2013 to 2023. In 2023, we stood at 11.47 thousand kilograms, marking a decrease of 11.99% from the previous year. Over the last two years (2022-2023), the import volume decreased by approximately 11.82%. Over the past five years, the compound annual growth rate (CAGR) has been -12.3%, indicating a consistent downward trajectory.
From 2024 to 2028, forecasted data suggests a continuation of this trend, with a forecasted 5-year CAGR of -19.4% and an overall projected decline by 65.99% in 2028 compared to 2023. Key factors to watch for in future trends include global nickel market fluctuations, Turkey’s industrial demand, and advancements in nickel material alternatives.
