The projected import values for Nickel Oxide Sinters and Intermediate Nickel Products to Canada show a steady decline from $20.261 million in 2024 to $12.978 million in 2028. This indicates a continuous downward trend with a forecasted annual decrease, in values, of approximately 7% over the five-year period. By 2028, the cumulative decline from 2024 is significant, suggesting substantial decreases in demand or shifts in market dynamics affecting imports.
Future trends to watch for include:
- Potential changes in trade policies or tariffs impacting import volumes and values.
- Technological advancements influencing domestic production and reducing dependency on nickel imports.
- Global nickel market trends and price fluctuations affecting import costs.
