The import of Nickel Ores and Concentrates to Japan stood at $182.34 million in 2023. The forecasted values from 2024 to 2028 exhibit a clear decreasing trend. Year-on-year variations show a decline of 4.19% from 2023 to 2024, followed by continuous decreases: 4.18% for 2025, 4.28% for 2026, 4.38% for 2027, and 4.48% for 2028. The Compound Annual Growth Rate (CAGR) over the next five years is -4.30%, indicating a steady reduction in import values.
Trends to watch for in the future include potential shifts in global nickel supply chains, advancements in nickel recycling technologies, and Japan's industrial demand changes affecting its import volume and value. Monitoring these factors will provide insights into possible deviations from the forecasted trend.
