From 2013 to 2023, German exports of Nickel and Articles thereof have experienced significant year-on-year volatility. The value of these exports, reported in Billion US Dollars, shows notable fluctuations, with periods of both growth and decline. The largest drops occurred in 2016 and 2020 with year-on-year decreases of -20.79% and -15.59% respectively. However, the years 2017 and 2018 both saw strong recoveries with increases of 23.72% and 23.64% respectively. Another high growth period was in 2021 with an increase of 24.9%. By 2023, the export value stood at 1.4954 Billion US Dollars, marking a modest year-on-year growth of 1.52% over 2022.
Over the last two years, the exports edged higher with close year-on-year stability: 1.5% and -0.42% in 2023 and 2022 respectively. Despite the fluctuations, the last five years report a CAGR of 0.26%, indicating minimal average annual growth.
From 2024 to 2028, the forecast indicates a steady upward trend with an expected average annual growth rate (CAGR) of 1.18% and overall growth of 6.05%. Future trends to watch for include a potential stabilization or increased volatility in global nickel demand, advancements in battery technology, especially for electric vehicles, and evolving regulations impacting international trade.
