The import volume of unwrought nickel to Germany, recorded at 61.556 million kilograms in 2023, reflects a slight decline of 0.44% from the previous year. Over the last five years, the market has experienced an average annual decrease of 0.52%. Looking back at a decade-long trend, imports peaked in 2013 but have generally maintained a downward trajectory, with occasional fluctuations.
From 2024 onwards, projections indicate continuous, albeit modest, declines. The forecasted annual reduction in imports is expected to hover around 0.37%. By 2028, the forecasted volume inches down to 60.218 million kilograms, marking a total five-year decrease of 1.84%.
Future trends to watch for include potential shifts in global nickel supply chains, technological advancements in nickel recycling, and fluctuations in demand from key industrial sectors like batteries and stainless steel manufacturing. Additionally, the impact of environmental policies and market dynamics in critical regions could also play a significant role in shaping import patterns.
