The forecast for the re-import of nickel alloy bars, rods, and profiles to the UK shows a year-on-year decrease in volume from 2.56 thousand kilograms in 2024 to 1.93 thousand kilograms by 2028. This indicates a sustained downward trend with an average decline of approximately 6.9% per year over this five-year period. In 2023, the volume stood at 2.72 thousand kilograms, suggesting a continuing contraction in demand or changes in domestic supply capabilities for these products.
Looking forward, future trends to monitor include potential shifts in global nickel supply chains, developments in UK domestic production capabilities, and changes in trade policies or tariffs which could affect re-import volumes. Additionally, monitoring technological advancements in industries using nickel alloys might influence future demand in the UK market.
