The forecast data for the import of nickel oxides and hydroxides to China shows a steady decline from 1.5191 million kilograms in 2024 to 1.2257 million kilograms in 2028. The annual year-on-year variation percentages are as follows:
- 2025: -4.98%
- 2026: -5.13%
- 2027: -5.29%
- 2028: -5.49%
The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is -5.23%.
As China continues to push for higher efficiency and environmental sustainability, the decline in nickel oxides and hydroxides imports may reflect growing advancements in domestic production capabilities and recycling technologies. Additionally, fluctuations in global nickel ore prices and economic policies could further impact import volumes.
