In 2023, the import of nickel wire to the US was estimated at 153.35 thousand kilograms. The forecast from 2024 to 2028 indicates a steady decline in import quantities, starting at 146.08 thousand kilograms in 2024 and decreasing to 119.03 thousand kilograms by 2028. This yearly reduction reflects a consistent downward trend with an approximate Compound Annual Growth Rate (CAGR) of -5.5% over the five-year period from 2023 to 2028.

Future trends to watch for include:

Shifts in US manufacturing demand for nickel due to technological advancements and industry changes.
Global supply dynamics, potentially impacted by geopolitical tensions affecting major nickel-producing countries.
Emerging technologies and innovations that may alter the supply chain or efficiency of nickel usage in the US.