The import of Nickel Oxide Sinters and Intermediate Nickel Products to China is forecasted to grow steadily from 2024 to 2028. In 2023, the import volume stood at 356 million kilograms. Year-on-year, the prices are expected to increase by an average of 3.6% annually. The compound annual growth rate (CAGR) over this five-year span is projected to be consistent with the observed trends in the past two years, reflecting a healthy demand for nickel-based products in China.

Future trends to watch for:

Increased investment in nickel mining and processing in Indonesia and Philippines could impact supply chain dynamics.
Potential shifts towards electric vehicle production and renewable energy storage may drive further demand.
Trade policies and tariffs impacting China's imports could alter market projections.