The import of nickel ores and concentrates to Germany has shown fluctuating trends from 2013 to 2023, with significant variations year-on-year. In 2023, the volume stood at 3.2486 Million Kilograms. Initial years witnessed sharp increases, such as the 87.34% rise in 2014, followed by a more moderate but positive trend overall up to 2023.
Year-on-year variations:
- 2013: -80.11%
- 2014: 87.34%
- 2015: 16.15%
- 2016: -21.75%
- 2017: -8.33%
- 2018: 15.22%
- 2019: 1%
- 2020: -15.02%
- 2021: 25.7%
- 2022: 0.19%
- 2023: 2.1%
The compound annual growth rate (CAGR) for the last five years averaged at 1.99%, showing moderate growth. Forecasted data indicates a continued upward trend with a forecasted 1.6% CAGR from 2024 to 2028, projecting the imports to reach 3.6017 Million Kilograms by 2028, which is an overall forecasted growth rate of 8.27% over this period
Future trends to watch for include potential impacts from international trade policies, technological advancements in nickel processing, and the evolving demand for nickel in battery manufacturing for electric vehicles.
