The forecasted import figures for nickel and nickel alloy plate, sheet, strip, and foil to Germany show a steady year-on-year increase from 2024 to 2028. Starting at 4.0593 million kilograms in 2024, the imports are expected to grow at a consistent rate, reaching 4.672 million kilograms by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately 3.58%. Prior to 2024, the import data from 2023 provides a baseline for this growth forecast, highlighting the steady upward trend in nickel alloy imports.
Future trends to watch for include:
- Potential fluctuations in global nickel supply, which could influence import volumes.
- Changes in German manufacturing demands impacting nickel alloy needs.
- Regulatory and environmental considerations affecting nickel alloy imports.
- Technological advancements in alternative materials that could affect demand.