In 2023, imports of nickel plates, sheets, strips, and foil to Germany were recorded at 445.25 thousand kilograms. The forecast for the import volume shows a consistent year-on-year growth, with a projected increase from 447.08 thousand kilograms in 2024 to 454.21 thousand kilograms by 2028. This translates to an average annual growth rate (CAGR) of 0.39% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential fluctuations in global nickel prices which could impact import volumes.
- Technological advancements in manufacturing and recycling which might alter demand patterns.
- Changes in Germany's industrial policies or economic conditions affecting domestic production needs.