Based on the provided forecast data, the import of nickel powders and flakes to India is projected to increase steadily from 2024 to 2028. Specifically, the imports are expected to rise from 354.73 thousand kilograms in 2024 to 387.96 thousand kilograms by 2028.
In 2023, the actual import volume was 346.47 thousand kilograms, indicating a consistent upward trend in demand. The year-on-year variation shows an increase of 2.4% from 2023 to 2024. The average annual growth rate (CAGR) over the next five years is approximately 2.3%, demonstrating a stable but gradual increase in imports.
Future trends to watch for include potential disruptions in supply chains, fluctuations in nickel prices due to global economic conditions, and shifts in demand from key industries such as electronics and battery manufacturing. Monitoring these factors will be crucial for a more accurate prediction of future import volumes.
